High Street Retailers: Who Has Been Hit Hardest By The Recession?

HIGH STREET RETAILERS WHO HAS BEEN HIT THE HARDEST BY THE 2012 RECESSION? The Ten Hardest Hit Retailers comet JJB GAME Thorntons hmv UK Stores: 236 UK Employees: 6,611 The economic UK Stores: 180 UK Stores: 600 UK Stores: 591 UK Stores: 285 UK Employees: 4,375 Weakor footfall on the high street has led to a fall in sales. In Sep, it reported a full-year loss despite record sales. They have also predicted no profits for the current year UK Employees: 4,000 Sales have been in decline for five years as the overdebted UK Employees: 5,800 The high street games retailer has seen more UK Employees: 6,500 Sales of DVDS and CDS have been undermined by competition fron online downturn has led mary people to put off big ticket items such as TV's and large apolances. Plus sales and more customers switch to online rivals. st's also saddied with debts from its E74m purchase of rivval GameStation in 2007 firm was unable to downloads and compete with the pricing of its far more successful rival Sports Direct supermarkets. HMV reported a six-month pre tax loss of E45.7m with sales faling 11.6% of such items have moved more online Corpet righT la SENZA Clinton PEACO CKS habitat CARDS UK Stores: 559 UK Stores: 611 UK Employees: 9,600 UK Stores: 146 UK Employees: 2,600 After going into administration in Jan. UK Stores: 33 UK Stores: 750 UK Employees: 900 UK Employees: 8,300 Sales have been hit as UK Employees: 2,700 Continued weakness in The discount fashion Low consumer the housing marker chain, which was bought confidence has made it in a management buyout from the founding Peacock family in the 90's, was struggling to refinance its £240m debts consumers spend less, tough for big-ticket retailers. The store saw continuing losses and faced stiff competition from cheaper rivals has led to reduced the brand blamed consumer spending on items such as carpets and flooring. Sales fel high street "trading conditions" and the economic environment while the brand has also faced competition from supermarkets ond online retailers. Two loans from 5.3% in the second for its dramatic drop the firm were also sold and then called in quarter of 2012 in UK sales such as ikea Did Christmas Save The High Street? Traditionally, Christmas has been the busiest time for high street retallers, with many making a major proportion of their profits in the run up to Christmas. But with the rise of online shopping, did Christmas see a spike in sales significant enough to save the high street? High street sales dropped 0.8% from September to October. Many retailers were hoping that sales would improve in November as consumers prepare for the run up to Christmas. However the opposite was the case, with sales dropping 0.4% from October to November. Many commentators are speculating that this is due to consumers holding off on their spending as long as possible, hoping to take advantage of sale periods as we got closer to Christmas day. There are no official sales statistics available for December as of yet, but there are already suggestions that sales did indeed increase, particularly between the 2oth and 24th of Dec. However, these sales were not as high as had been hoped.. September October November £80 £2.8bn The amount under The amount estimated to have been expectation spent by each family in Britain at Christmas spent during the weekend before Christmas - whilst this seems good, the amount predicted by CRR was E4billion It's Not All Bad News... Although the months preceeding Christmas - and the Christmas period itself - were disappointing in terms of high street sales, the statistics surrounding the post-Christmas period have given store owners some cause for optimism. 1 in 4 UK adults went shopping on the 27th December - that's 13 million shoppers hitting the high street in one day. On that day, the shoppers spent over £2.4 billion, with a further £0.4 billion being spent online. £5.4BILLION The amount spent on the high street by the British public in just two days after Christmas - the 26th and 27th December Sources: bbc.co.uk | theguardian.co.uk gomonews.com I managementtoday.co.uk telegraph.co.uk I grovelands.co.uk REALBUSINESS RESCUE l Business Recovery & Tumaround Specialists www.realbusinessrescue.co.uk HIGH STREET RETAILERS WHO HAS BEEN HIT THE HARDEST BY THE 2012 RECESSION? The Ten Hardest Hit Retailers comet JJB GAME Thorntons hmv UK Stores: 236 UK Employees: 6,611 The economic UK Stores: 180 UK Stores: 600 UK Stores: 591 UK Stores: 285 UK Employees: 4,375 Weakor footfall on the high street has led to a fall in sales. In Sep, it reported a full-year loss despite record sales. They have also predicted no profits for the current year UK Employees: 4,000 Sales have been in decline for five years as the overdebted UK Employees: 5,800 The high street games retailer has seen more UK Employees: 6,500 Sales of DVDS and CDS have been undermined by competition fron online downturn has led mary people to put off big ticket items such as TV's and large apolances. Plus sales and more customers switch to online rivals. st's also saddied with debts from its E74m purchase of rivval GameStation in 2007 firm was unable to downloads and compete with the pricing of its far more successful rival Sports Direct supermarkets. HMV reported a six-month pre tax loss of E45.7m with sales faling 11.6% of such items have moved more online Corpet righT la SENZA Clinton PEACO CKS habitat CARDS UK Stores: 559 UK Stores: 611 UK Employees: 9,600 UK Stores: 146 UK Employees: 2,600 After going into administration in Jan. UK Stores: 33 UK Stores: 750 UK Employees: 900 UK Employees: 8,300 Sales have been hit as UK Employees: 2,700 Continued weakness in The discount fashion Low consumer the housing marker chain, which was bought confidence has made it in a management buyout from the founding Peacock family in the 90's, was struggling to refinance its £240m debts consumers spend less, tough for big-ticket retailers. The store saw continuing losses and faced stiff competition from cheaper rivals has led to reduced the brand blamed consumer spending on items such as carpets and flooring. Sales fel high street "trading conditions" and the economic environment while the brand has also faced competition from supermarkets ond online retailers. Two loans from 5.3% in the second for its dramatic drop the firm were also sold and then called in quarter of 2012 in UK sales such as ikea Did Christmas Save The High Street? Traditionally, Christmas has been the busiest time for high street retallers, with many making a major proportion of their profits in the run up to Christmas. But with the rise of online shopping, did Christmas see a spike in sales significant enough to save the high street? High street sales dropped 0.8% from September to October. Many retailers were hoping that sales would improve in November as consumers prepare for the run up to Christmas. However the opposite was the case, with sales dropping 0.4% from October to November. Many commentators are speculating that this is due to consumers holding off on their spending as long as possible, hoping to take advantage of sale periods as we got closer to Christmas day. There are no official sales statistics available for December as of yet, but there are already suggestions that sales did indeed increase, particularly between the 2oth and 24th of Dec. However, these sales were not as high as had been hoped.. September October November £80 £2.8bn The amount under The amount estimated to have been expectation spent by each family in Britain at Christmas spent during the weekend before Christmas - whilst this seems good, the amount predicted by CRR was E4billion It's Not All Bad News... Although the months preceeding Christmas - and the Christmas period itself - were disappointing in terms of high street sales, the statistics surrounding the post-Christmas period have given store owners some cause for optimism. 1 in 4 UK adults went shopping on the 27th December - that's 13 million shoppers hitting the high street in one day. On that day, the shoppers spent over £2.4 billion, with a further £0.4 billion being spent online. £5.4BILLION The amount spent on the high street by the British public in just two days after Christmas - the 26th and 27th December Sources: bbc.co.uk | theguardian.co.uk gomonews.com I managementtoday.co.uk telegraph.co.uk I grovelands.co.uk REALBUSINESS RESCUE l Business Recovery & Tumaround Specialists www.realbusinessrescue.co.uk