Some of the United Kingdoms best-known high-street retailers have seen their markets and profits dwindle or even
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Some of the United Kingdom’s best-known high-street retailers have seen their markets and profits dwindle or even disappear over the past decade or more. Electrical retailer Comet was founded in 1933 and in 2008 it had a turnover in excess of $2.6 billion. By 2012, all of its 6,500 workers across 240 stores were out of work. Clinton Cards opened their first store in 1968. At one time it had 25 percent of the greeting cards market in the United Kingdom and had 1,100 stores. It went into administration in 2012. Other notable high-street failures include the video games retailer Game, the book and music retailer Borders, the film and video-game rental firm Blockbuster, and most recently, the toy-store chain Toys “R” Us and the electronics retailer Maplin, both of which failed in 2018. Research the reasons behind these failures and recommend a course of action for a retail chain that might find itself in the same situation in the future.
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