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Why are so many of our favourite retailers failing?
Local TV
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1 year ago
Explainer.
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00:00
I'm outside a brand new Lidl. This chain is thriving with many new stores planned in the
00:07
near future, a clear sign of its growing success. But that's not the case for many of our favourite
00:12
store chains. While discount retailers like Lidl and Aldi are expanding, traditional high
00:18
street stores are struggling. Household names like Wilco are facing closures as the shift
00:24
to online shopping and rising costs take their toll. Even established giants like Marks
00:30
and Spencers are closing branches to adapt to changing consumer habits. It's a tale of
00:36
two sides. Discount retailers benefiting from the cost of living crisis, while others are
00:41
battling to survive. The retail landscape is shifting dramatically, with convenience
00:46
and price driving these changes, leaving many older brands at risk. Some suggest moving
00:53
NHS services such as GPs and dentists into town centres to fill empty units. Would you
01:01
agree with this plan? And what would you do to save our high streets?
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