Don’t assume the high street is dead

Watch this short video, which explains how accountants can support high street retailers

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Retail has changed and is still changing, but retail property is not redundant. Growth of consumer spend through e-commerce poses a challenge; however, a significant share of this online spend will touch a store and although the retail landscape has changed fundamentally, it is now widely accepted that stores remain an essential component of omni-channel supply chains.

We cannot escape the fact that some elements of high street businesses are not performing as they were pre-Covid, and this means that clients will need assistance in restructuring operations and, in some instances, re-negotiating leases.

Karyn Jones, partner and insolvency practitioner at Shaw Gibbs, shares her experience in this video.