More than likely you have seen a news article about a famous retailer either closing several stores or going out of business altogether! This week we focus on the reasons behind this and ask the question, IS THE RETAIL SECTOR DYING?

Retail spending forms an important part of any economy, mainly due to the large number of people they employ, especially young people. As such it is a popular area of focus within the financial and political words and is used as one of the many indicators of economic performance.

All isn’t doom and gloom however, as retailers such as Amazon, BooHoo and PrettyLittleThings, are still showing strong performance, especially amongst younger consumers.

Please let us know your thoughts on any of our details below.

Topics covered include:

• Growth in online shopping and tax implications

• Consumer shopping trends

• Which stores are closing and why?

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Yours truly

The Making Cents Team

Links:

Why Jamie's Italian is in trouble:

https://www.theguardian.com/lifeandstyle/2018/feb/16/not-so-fresh-why-jamie-oliver-restaurants-lost-their-bite

Six shops defying the High Street downturn:

https://www.bbc.co.uk/news/business-43823810

Retail sales, Great Britain: August 2018:

https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/august2018#things-you-need-to-know-about-this-release

The potential for online retail growth on desktop and mobile devices:

https://www.smartinsights.com/digital-marketing-strategy/online-retail-sales-growth/

Trends in Ecommerce and What They Mean for Your Business:

https://www.forbes.com/sites/thesba/2018/06/20/trends-in-ecommerce-and-what-they-mean-for-your-business/#425a3d5524c3

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