25,000 in 24 hours.
Posted: 01 Dec 2020, 15:38
That is the number of high street job losses announced by just two companies and you have to feel sorry for those about to be made redundant through no fault of their own.
However, let's be clear about this, it is not Covid or Brexit causing these losses. Arcadia and Debenhams have been on the brink for the past two years or so. They were stuck in the past - Grace Brothers meet Arkwright.
In many ways Arcadia is the worst loss. Debenhams is just one unit on the high street whereas Arcadia has Top Shop, Dorothy Perkins, Burton's and Wallis units close to each other in many towns and cities. Unless new uses are found for these units they will be left to go derelict and that will bring the high street down even further.
Boarded up shops, once broken into, become magnets for druggies, dossers, rough sleepers and alcoholics and it does not take long for ordinary folk to avoid the areas and so the downward spiral continues and spreads.
However, let's be clear about this, it is not Covid or Brexit causing these losses. Arcadia and Debenhams have been on the brink for the past two years or so. They were stuck in the past - Grace Brothers meet Arkwright.
In many ways Arcadia is the worst loss. Debenhams is just one unit on the high street whereas Arcadia has Top Shop, Dorothy Perkins, Burton's and Wallis units close to each other in many towns and cities. Unless new uses are found for these units they will be left to go derelict and that will bring the high street down even further.
Boarded up shops, once broken into, become magnets for druggies, dossers, rough sleepers and alcoholics and it does not take long for ordinary folk to avoid the areas and so the downward spiral continues and spreads.