High street hit by Downturn

The economic downturn has seen high profile failures such as Woolworths, and High Streets across the country are worried about falling sales.

News video from the BBC

Founder on Lush talks about the downturn from the BBC

Founder of Lush Cosmetics Mark Constantine explains why British retail has taken a turn for the worse.

High street hit by Downturn

The economic downturn has seen high profile failures such as Woolworths, and High Streets across the country are worried about falling sales.

News video from the BBC

Founder on Lush talks about the downturn from the BBC

Founder of Lush Cosmetics Mark Constantine explains why British retail has taken a turn for the worse.

Land of Leather latest UK retail collapse

LONDON -- Sofa retailer Land of Leather filed for bankruptcy protection on Monday, becoming the latest British retailer to succumb to a downturn in consumer spending amid the global economic slowdown.

Land of Leather, which operates 109 retail stores across Britain and Ireland, entered the administration process _ where a company is run independently with the priority of returning funds to creditors _ after failing to raise working capital or find a buyer.

Lee Manning, one of the appointed administrators at Deloitte said that the company's stores would continue to trade as normal "while the administrators continue to talk to interested parties with a view to concluding a sale of the business as a going concern."

Land of Leather said it had found itself in challenging market conditions "for some time" as a result of the credit crunch and a lack of household spending on big ticket retail items. sourced from The Washington Post read more

My comment

This is the first of these kind of shops to go, I think we will be seeing a lot more interior / furniture / house hold accessories - Now we have all bought cushions, rugs, lampshades and kitchen's, all these shops that have opened up on the strength of the ideal home / interior design period will all start suffering. Lets all start being individual, make cushions from old materials or clothes rather then buying new ones. Thing more creatively around our homes and their interiors.

Land of Leather latest UK retail collapse

LONDON -- Sofa retailer Land of Leather filed for bankruptcy protection on Monday, becoming the latest British retailer to succumb to a downturn in consumer spending amid the global economic slowdown.

Land of Leather, which operates 109 retail stores across Britain and Ireland, entered the administration process _ where a company is run independently with the priority of returning funds to creditors _ after failing to raise working capital or find a buyer.

Lee Manning, one of the appointed administrators at Deloitte said that the company's stores would continue to trade as normal "while the administrators continue to talk to interested parties with a view to concluding a sale of the business as a going concern."

Land of Leather said it had found itself in challenging market conditions "for some time" as a result of the credit crunch and a lack of household spending on big ticket retail items. sourced from The Washington Post read more

My comment

This is the first of these kind of shops to go, I think we will be seeing a lot more interior / furniture / house hold accessories - Now we have all bought cushions, rugs, lampshades and kitchen's, all these shops that have opened up on the strength of the ideal home / interior design period will all start suffering. Lets all start being individual, make cushions from old materials or clothes rather then buying new ones. Thing more creatively around our homes and their interiors.

Q&A: What is a recession?

The dreaded R-word - recession - is in the air as every day seems to bring more gloomy economic news.

Many commentators are now openly talking about the current slowdown turning into a recession.

But how do economists define a recession and when will we know if the UK is going through one?

What is the definition of a recession?

This is a thorny question on which experts still disagree.

However, technically speaking, the UK economy would slide into recession when it experiences two successive quarters of what is known as "negative growth".

For this to happen, the total amount of goods and services produced by the UK - known as gross domestic product (GDP) - would have to contract on a quarter by quarter basis for a total period of six months.

read full article at The BBC

Q&A: What is a recession?

The dreaded R-word - recession - is in the air as every day seems to bring more gloomy economic news.

Many commentators are now openly talking about the current slowdown turning into a recession.

But how do economists define a recession and when will we know if the UK is going through one?

What is the definition of a recession?

This is a thorny question on which experts still disagree.

However, technically speaking, the UK economy would slide into recession when it experiences two successive quarters of what is known as "negative growth".

For this to happen, the total amount of goods and services produced by the UK - known as gross domestic product (GDP) - would have to contract on a quarter by quarter basis for a total period of six months.

read full article at The BBC

Changing High street

As we see some of the most well known high street stores closing - are we seeing a new high street emerging. Will small independent shops start opening or will the highstreet be full of boarded up shops and for sale signs. 

I am not that surprised that the high street is starting to showing of downturn. We have lived for best part of 10 years in a consumer fuel enviroment. As high streets up and the country were all starting to look the same. Do we need all these shops selling very simarly things and as we are all starting to do more amd more shopping on the internet, why do we need still high street outlets.

Changing High street

As we see some of the most well known high street stores closing - are we seeing a new high street emerging. Will small independent shops start opening or will the highstreet be full of boarded up shops and for sale signs. 

I am not that surprised that the high street is starting to showing of downturn. We have lived for best part of 10 years in a consumer fuel enviroment. As high streets up and the country were all starting to look the same. Do we need all these shops selling very simarly things and as we are all starting to do more amd more shopping on the internet, why do we need still high street outlets.

The changing recession

Thank you for visiting my site. I am 31 years old and have been interested in this current downturn. I don't remember the previous recessions having much effect, but maybe it did.

The most noticeable element this time is the banking sector, house prices and the high street. The main difference is how fast paced everything is happening. Each day i watch the news something else has happened.  

The changing recession

Thank you for visiting my site. I am 31 years old and have been interested in this current downturn. I don't remember the previous recessions having much effect, but maybe it did.

The most noticeable element this time is the banking sector, house prices and the high street. The main difference is how fast paced everything is happening. Each day i watch the news something else has happened.  

Iceland buys 51 Woolworth stores

read more sourced from The BBC

Iceland buys 51 Woolworth stores

read more sourced from The BBC