Department Stores: Inc Impact of COVID-19 - UK - April 2020
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“The department store sector in the UK continued to struggle throughout 2019 and the outbreak of COVID-19 came at a particularly difficult time. Many of the leading department stores were in the midst of reviewing store portfolios and making significant strategic changes in order to try to turn things around. For several years there have been question marks around the relevance of department stores on the high street – a broad range of goods can now be bought from online retailers, often conveniently and well-priced. Furthermore, the polarisation of the retail market will have hampered growth in mid-market department stores. Recovery after COVID-19 will certainly be difficult, but department stores must stand out from the crowd – focusing on the communities that they serve and upping the in-store experience.”
– Chana Baram, Senior Retail Analyst, 4th May 2020
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What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.