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| Link to Guardian |
"MANY SHOPS on the high streets have closed during the recession. Sir Philip Green set off alarm bells this week when he warned that up to 260 shops in his Topshop-to-BHS fashion empire Arcadia could close.
It was further bleak news for the UK's high streets, where one in seven shops already lies empty, and a spate of retail collapses from Habitat to TJ Hughes has left fresh scars.
Like other chains such as Marks & Spencer, Dixons and Mothercare, Arcadia has too many Dorothy Perkins, Evans and Miss Selfridge outlets on the 'wrong' high streets as the internet and huge malls redraw the shopping landscape."
The Guardian:
"McDonald's quits Rochdale's ailing town centre"
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| LInk to The Guardian |
"In Rochdale, the restaurant's windows are boarded and its familiar
red and yellow sign, a visible landmark in the Lancashire town for 28
years, has been removed.
"Last week McDonald's shut up shop,
joining a growing number of key businesses deserting the town centre,
and in so doing, according to shoppers and some retailers, banging
another nail in the coffin of its struggling high street.
"... Rochdale council knows it has a battle on its hands given the economic
climate, but believes plans to build new council offices and a library,
and convert the old council buildings into retail units to be open
within two years will encourage rejuvenation and add diversity to the
200 retailers currently in the town centre."
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