BTG Financial Consulting Retail Sector Update
There is no doubt that the UK recession has had a huge impact on consumer spending – gone are the days when retailers could rely on the impulse buyer, as consumers are becoming more discerning and far less likely to make frivolous purchases. Over the last four years, we have seen the demise of many well-known names in what has become a rather unstable retail market. The first half of 2012 saw more retail failures than the whole of 2011.
Today’s shopper is looking for specific items and true value for money and, as a result, shops must keep examining their price points and offerings in order to entice customers through the door.
High Noon on the High Street
On Wednesday 13 February 2013, more than 150 retail and restructuring experts gathered at Chartered Accountants’ Hall in London for a special retail event and panel discussion hosted by BTG Financial Consulting and Gordon Brothers Europe. The evening, which kicked off with a keynote speech from Jon Moulton, Chairman of Better Capital, aimed to highlight the key issues threatening the UK high street today and the outcomes of the recently announced Christmas trading figures of UK retailers.