UK High Street Brand Market Continues To Be Bad

British bankruptcy expert FRP Advisory law firm's latest research report shows that the UK high street market continues to deteriorate. So far this year, there are 16. High street brand The transfer of government trusteeship has also resulted in 15000 employees losing their jobs. FRP Advisory partner Glyn Mummery warned that the density of high street brands could no longer return to the pre financial crisis in 2008.

The FRP Advisory study also showed that in the three quarter of 2013, the number of companies entering the government's trusteeship protection dropped to 29% this year, the lowest in three years. This year, it has entered the trusteeship protection. Fashion brand Including Nicole Farhi, Pineapple and other brands. Glyn Mummery says it is hard to expect high street retailers to raise sales before Christmas.

In June, Britain Centre for Retail Research, a retail research firm, has published research reports that the high street brand in the UK market has become the past 15 years. The study points out that in the next 15 to 2018, retail stores in the UK will drop by 22%, from the current 281930 to 220000, which will also cause 316000 unemployed people. But the share of online retail business will rise from 12.7% to 21.5%.

Centre for Retail Research also points out that 164 large and medium-sized retail businesses will go bankrupt in the future, which will involve 22600 stores and 140000 employees.

It is worth noting that consumer spending on high street brands is expected to drop to 40.2% next year from 50% in 2000. According to the research report, the vacancy rate of shops in all parts of the UK has increased from 5.4% in December 2008 to 14.1% in March 2013, an increase of 161%. If there is no government intervention, the vacancy rate may increase by more than 20%.

Research shows that online sales have a great impact on the British retail industry. Many companies may close down physical retail stores in the future. Since 2006, consumer spending has increased by 12%, but retail operating costs (including interest rates) have risen by 20%.