In the early 1990s, as sky-high interest rates, falling house prices, and an overvalued exchange rate sent the economy into a tailspin, McDonald’s famously slashed its brand marketing budget in a bid to cut costs. Just as famously, it lived to regret that decision.
As shoppers mourn the disappearance of the WHSmith fascia from their high streets, and established retailers invest in long-dead names that once ruled British retail parks, thanks to exclusive research for Retail Week by Walnut Unlimited, we reveal the retailers that shoppers would most like to see return to their high streets.
Two former directors of BHS have been ordered to pay at least £18m to creditors after being found liable for wrongful trading.
More than 80% of the UK’s department stores have been lost since the demise of BHS and many former branches still lie empty.
Former BHS owner Dominic Chappell has been jailed for six years after evading a six-figure tax bill on the £2.2m he made from the high street chain.
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