02 June 2016
BHS to close with loss of 11,000 jobs as liquidators called in after rescue bids fail
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In The Media news and updates
Retail Economics is frequently quoted in the media, commentating on the latest developments within the UK retail space. To arrange an interview or request a comment, please click here to send us a message, or call us on 020 3633 3698.
Please find below a selection of our recent mentions in the media:
02 June 2016
Sir Philip Green 'saddened' as BHS disappears from high street
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02 June 2016
Radio Interview: BHS collapse a devastating blow to the high street
Richard Lim, Chief Executive, Retail Economics said: "The collapse of BHS is a devastating blow to the UK high street and all the employees involved. "This once iconic British retailer suffered from paralysis when it came to innovation and it failed to stem the loss of market share to other more agile multi-channel competitors. The business model was simply no longer fit for purpose and its product range failed to resonate with its core customer base. "Following the collapse of Austin Reed, these recent events focus the mind on how many other traditional UK retailers are sleep-walking into administration."
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10 May 2016
Chief Executive of Retail Economics on Sky News discussing BRC's retail sales figures for April 2016
Richard Lim, Chief Executive, Retail Economics said: “These latest figures from the BRC confirm that the retail industry is struggling to show any signs of growth. “Faced with growing uncertainty around Brexit, a slowing labour market and increasingly fragile confidence, shoppers have cut back on discretionary spending with clothing retailers facing unnerving declines. Underlying this poorer economic backdrop, retailers are also swimming against a tide of changing consumer behaviour. The shift from spending on goods to experiences is accelerating. In an age of abundance, households are looking to use more of their disposable income on eating out, holidays, leisure pursuits and digital services such as Netflix and Spotify. “With the consumer sector the driving force behind the economic recovery so far, it is difficult to see what can compensate should a more widespread slowdown materialise.”
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04 May 2016
Next is expecting sales to get worse after first-quarter revenue missed estimates
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04 May 2016
Do Next's results mean consumers are spending less on clothes?
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04 May 2016
Next Cuts Sales Outlook Again as Spending Outlook Worsens
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04 May 2016
More Trouble in Store at UK Retailers as Shopper Spending Ebbs
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25 April 2016
BHS administration proves brands reliant on heritage are vulnerable
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