As e-commerce grows at an exponential rate and consumer expectations shift, it‘s crunch time for the UK retail sector. The landscape is becoming increasingly competitive, with British retailers under pressure to keep up with the online giants.
The retail space race that has been raging for the last three decades, is largely over. Property scarcity, soaring business rates and increasingly tight margins are forcing retailers to rethink how they are using their floor space.
As a retail tycoon who built his £250 million fortune from nothing, plus a nine-year stint on BBC's 'Dragons' Den' — Theo Paphitis needs no introduction. He sits down with the Retail Gazette in the latest Big Interview.
It's been six months since Mehul Tank was appointed to the role of chief financial officer at fashion retailer Hobbs. The sector continues to endure tumultuous times in the wake of the Brexit vote, so we caught up with him to find out what he has in store for the brand.
Hannah Milne, Director of Regional Retail at The Crown Estate, argues that experience-led shopping is going to transform our traditional idea of retail parks, but it must continue to be rooted in convenience.
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