Retail and restaurant apocalypse in the UK?

Jamie’s Italian and Barbecoa, Strada, Byron, Prezzo, Chimichanga, MEXIco, Cleaver, Square Pie, EAT – the growing list of chain restaurants in the UK which have either completely closed or are closing several restaurants.

The fashion store East, shoe chain Shoon, bed specialists Warren Evans and Feather & Black, toy store Toys R Us, electronic store Maplin have all gone into administration or liquidation. Meanwhile House of Fraser, Debenhams and New Look are all struggling, with all three considering large-scale closures of stores or space.

Even grocery retailers Tesco, Sainsburys and Morrisons have announced staff redundancies. So, what is happening? Continue reading “Retail and restaurant apocalypse in the UK?”