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No mercy for high street chains of yesteryear

Mar 01, 2018 - The Daily Telegraph (London)

What a bleak day for the British high street. 2018 is shaping up to be one of the most brutal in recent memory but the collapse of two big names - Toys R Us and Maplin - plus news that another, Prezzo, is planning to close a hundred or so branches capped a desperate few hours.

It is a stark reminder of just how tough it is for consumer-facing businesses right now. A combination of costs such as the National Living Wage, Apprenticeship Levy, and business rates, together with the rapid shift...