Is Britain’s High Street Going Broke?
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 9 February 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 1:04.3 | a reporter and a producer for Bloomberg and I just had to nip out of the office to do some errands |
| 1:09.9 | this afternoon. |
| 1:11.1 | And as I left, the in the city podcast team asked me to grab a mic and just get a feel |
| 1:16.5 | for what's happening on the streets around our building and what shops are closed and open |
| 1:22.7 | and what people are grabbing. |
| 1:26.3 | I've just walked past Oasis. One of my old clothing stores I used to |
| 1:31.2 | come to regularly but sadly it's now closed. There's a few people that I can see |
| 1:37.6 | just shopping in Argos there probably getting some more essentials. I need to pick up |
| 1:42.4 | some coat hangers at some point. |
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