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The Ten Hardest Hit Retailers Of 2012

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Christmas couldn’t save the whole of the high street unfortunately…

Comet

IT’S the most wonderful time of the year, allegedly. And historically profitable for most high street retailers too.

Manchester Arndale recorded their best ever footfall figures in December 2012, clocking up nearly 250,000 shoppers on 1 December alone – an increase of seven per cent on the previous year. On top of that, the centre also reported average weekly footfall levels at around the one million mark. That’s a whole lotta shopping.

The pattern of online shopping and downloads, less big spending and a preference for cheaper counterparts are all evident in this list.

Speaking at the beginning of December, David Allinson, centre director for Manchester Arndale said: “Even if the weather takes a turn for the worse, as we offer everything for shoppers all under one roof, it is unlikely we’ll be really affected.”

Unfortunately, not all of Manchester Arndale’s neighbours can say the same. Still in the midst of a recession, several once British high street shopping staples have fallen by the wayside this year.

The ten hardest hit retailers of 2012 are as follows:Hardest Hit Retailers of 2012

The pattern of online shopping and downloads, less big spending and a preference for cheaper counterparts are all evident in this list.

But it’s not all bad news. A reported 13million people went shopping on December 27, spending over £2.4bn on the high street and £0.4bn online.

It would seem we’re willing to spend after all, just so long as it’s in the sales.

http://www.bodyconfidential.co.uk/News-and-Events/The-Ten-Hardest-Hit-Retailers-Of-2012

Author: retailaccounting

CounterBooks is an online retail accounting management suite which is used by retailers across the world.

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