For many visitors to the UK, shops such as Selfridges, Harrods and the Queen’s grocer Fortnum & Mason are a quintessential part of Britain.
But due to the pandemic, the tourists who sustain the high-end retail sector are gone, forcing bosses to make drastic decisions to protect their businesses.
Read the full article on the This is Money website
NAM Implications:
- All the lockdown chickens (travel retail tourism, non-essential shopping and social distancing) coming home to roost.
- Add fear of spending for a toxic mix of shopping resistors…
- …even/especially at retail top end.
