Why are so many of our favourite retailers failing?

Explainer.

Transcript

00:00I'm outside a brand new Lidl. This chain is thriving with many new stores planned in the

00:07near future, a clear sign of its growing success. But that's not the case for many of our favourite

00:12store chains. While discount retailers like Lidl and Aldi are expanding, traditional high

00:18street stores are struggling. Household names like Wilco are facing closures as the shift

00:24to online shopping and rising costs take their toll. Even established giants like Marks

00:30and Spencers are closing branches to adapt to changing consumer habits. It's a tale of

00:36two sides. Discount retailers benefiting from the cost of living crisis, while others are

00:41battling to survive. The retail landscape is shifting dramatically, with convenience

00:46and price driving these changes, leaving many older brands at risk. Some suggest moving

00:53NHS services such as GPs and dentists into town centres to fill empty units. Would you

01:01agree with this plan? And what would you do to save our high streets?