“Unbelievably bad” November

[AtW]

High street at risk of being 'smashed' by weak spending, Mike Ashley warns

Sports Direct boss blames Christmas downturn on Brexit fears after ‘unbelievably bad’ November

The Sports Direct boss, Mike Ashley, has warned that Debenhams and other big retail names faced being “smashed to pieces” by a savage high street downturn this Christmas as Brexit worries put the brakes on spending.

High street at risk of being 'smashed' by weak spending, Mike Ashley warns | Business | The Guardian

[BR14]

High street at risk of being 'smashed' by weak spending, Mike Ashley warns

Sports Direct boss blames Christmas downturn on Brexit fears after ‘unbelievably bad’ November

The Sports Direct boss, Mike Ashley, has warned that Debenhams and other big retail names faced being “smashed to pieces” by a savage high street downturn this Christmas as Brexit worries put the brakes on spending.

High street at risk of being 'smashed' by weak spending, Mike Ashley warns | Business | The Guardian

And, as usual, - your point is ?????

[AtW]

«December is traditionally the most lucrative time of the year for the retail sector but a picture of weak trading has emerged from even sector stalwarts such as John Lewis and Primark. Analysts are increasingly pointing the finger at the political uncertainty around Brexit, which is sapping British consumers’ desire to shop.»

[BR14]

«December is traditionally the most lucrative time of the year for the retail sector but a picture of weak trading has emerged from even sector stalwarts such as John Lewis and Primark. Analysts are increasingly pointing the finger at the political uncertainty around Brexit, which is sapping British consumers’ desire to shop.»

wibble wibble wibble, - and??

[Old Greg]

And, as usual, - your point is ?????

Beyond you. As usual.

[BR14]

Ahh, - the wrinkled retainer arrives to assist

[AtW]

Bad retailer sales -> pressure on landlords -> pressure on value of commercial property -> pressure on banks who loaned money to landlords -> pressure on investors into banks/commercial property funds -> DOOM!

[Yorkie62]

Bad retailer sales -> pressure on landlords -> pressure on value of commercial property -> pressure on banks who loaned money to landlords -> pressure on investors into banks/commercial property funds -> DOOM!

You forgot INTERNET SHOPPING. People just aren't venturing out to the high street which you can save yourself £7 in car parking charges plus other transport costs and shop from home. Until the government works out how to tax the big online shopping sites the problem is not going to be solved. I would agree that retail property in the high street suffers when compared to online due to the high rateable value of high street property. So how do you equalise this, place a levy on online shopping? Only have the answer, because you haven't really resolved the high rateable value problem. the government would need to redistribute this tax back to the local authorities as a rebate for lowering high street rates. Local Authorities also need to play their part by providing better public transport links to the city centres from the suburban areas.

[original PM]

What he said.

The biggest threat to local high street shops (aside from the internetz) etc is the high rent they have to pay to be in a town centre.

Now 25-30 years ago that high rent may possibly have been justified but with the move to out of town retail parks and the fact people no longer live in the town centre then it no longer can be.

It's not really anything to do with Brexit.

[Old Greg]

You forgot INTERNET SHOPPING. People just aren't venturing out to the high street which you can save yourself £7 in car parking charges plus other transport costs and shop from home. Until the government works out how to tax the big online shopping sites the problem is not going to be solved. I would agree that retail property in the high street suffers when compared to online due to the high rateable value of high street property. So how do you equalise this, place a levy on online shopping? Only have the answer, because you haven't really resolved the high rateable value problem. the government would need to redistribute this tax back to the local authorities as a rebate for lowering high street rates. Local Authorities also need to play their part by providing better public transport links to the city centres from the suburban areas.

For once you are absolutely correct. Innovative British online retailers see that the sky is the limit, and are not put off by Remoaning Minnies.

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