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The British BDO Report Shows That There Are 1.54 Clothing Stores Closed Down In The Future.

2010/10/21 15:36:00 52

British Clothing Store Closures

according to

Britain

BDO research report shows that due to the United Kingdom

Economics

recovery

slow

By 2015, more than 2.65 retailers will be closed down.

It includes 1.54 fashion shops, 6300 bars and restaurants, and 1500 furniture retail outlets.


During the post recession period, the rate of business failure was significantly higher than expected.

Previously, researchers predicted that 0.6% of retailers would go bankrupt.

This figure may reach 0.9% this time.

Next year, the number of retailers will be the most in 5 years, about 5017.


Williams, director of retail research at BDO, believes that thousands of companies are bankrupt because they can't adapt themselves to the psychology of consumers after the credit crunch.

The recession has changed people's habits, making their demands higher than ever before, that is, seeking cheap and good products.

If an enterprise can not understand what consumers think, then it is impossible to survive or thrive.

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