You may have already heard one of the UK’s top fashion retailers, New Look, is closing down, which may be the case on the latter end of 2018, but for now, just 60 stores are being cut off. Plymouth is not immune. With more than 15,000 workers, New Look is a huge company facing a huge problem: the growing relationship between rental costs and profitability, as is with most high street chains. Read more For a closer look at 2020's Top and Hot Retailer lists click here and listen to our Retail Gets Real podcast for insights on digital, omnichannel, technology and customer experiences in 2020. The UK's retail sector is quaking as inflation and taxes mount and consumer spending slips. Real Palmer said it it was unclear what 2019 would bring, as retailers continued to slash prices and hand out vouchers in an attempt to bolster sales before year-end at the expense of profits. For retailers forewarned is forearmed and while I am not predicting another recession, I am convinced that the affluent are going to be very cautious and careful about spending in 2019. It is now the main source of inspiration, education, and collaboration for the owners of fast-growing businesses, from startups to mid-market companies. WH Smith has been ranked the UK's worst High Street retailer for the second year in a row, according to a Which? This follows Mothercare’s announcement last week of … News of major retailers going under seems commonplace but what does the future of retail in the UK actually look like? Tesco, Britain’s biggest retailer, could axe 9,000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings. UK retail sales rose well beyond expectations in September, with Britons buying 1.5 per cent more goods than a month earlier as they stocked up on food and turned to online retailers… While retailers including Jack Wills and Bathstore were subsequently bought by Sports Direct and Homebase respectively, all have nonetheless closed at least some stores. Retailers A–D A.C. Moore announced on November 25, 2019 that all 145 of its stores would close. It isn't just about holding on to staff or availing of Government supports to ensure employees have a reasonable income during the lockdown. 2019 Hot 100 retailers averaged year-over-year domestic sales growth of 9.8 percent. Approximately a quarter of the £3.6bn spent on toys in the UK … At least 5,300 UK retail jobs are at risk after Toys "R" Us and electronics chain Maplin collapsed on Wednesday. However, the total tally of fashion retailers in financial distress (3,300) is down 6% compared with last Christmas, while the overall number of high street retailers in trouble is down 8% at 17,226. Some of the biggest names in traditional retail have closed more than 5,000 stores this year amid slumping sales and increased competition from online sellers like Amazon. Temporary store closures and a potential pullback in consumer spending spell trouble for retailers ...[+] already teetering on the edge of bankruptcy. This week Marks & Spencer said it will close down 100 stores as profits tumble. Why are UK high street retailers in trouble? UK retailers suffered “another month of struggle” in May as shops reported their second-worst sales decline due to the coronavirus lockdown, according to … List of top 10 UK retailers. 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