The UK retail industry is having a difficult time of it. And when it comes to some high street brands, that’s an understatement. Similar to the US and Europe (), retailers across Britain are dealing with soaring borrowing costs, shrinking savings accounts and a cost-of-living crisis that’s limiting consumer spending. This means more retailers may soon be on the brink of insolvency.
In this week’s episode of In the City, hosts David Merritt and Francine Lacqua are joined by reporters Katie Linsell and Giulia Morpurgo, who discuss big names that have already gone bust—like Matalan () and Paperchase ()—and others that may be at risk. Plus, reporter Leigh-Ann Gerrans gives a tour of the retail scene around the City.
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Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter.
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