Department stores, once being the main attraction on many High Streets, have somewhat lost their appeal. A few months ago, you could read some statistics published online concerning the state of the department stores. They showed that the number of the department stores in England had dropped. If you’re a merchant interested in growing your business and getting a WorldPay review, just read below.
The Retail Business in the UK
The number of big department stores in England has dropped by 25% in less than a decade. It’s reached 180, based on the results of a research carried out a few months ago.
The rise of online shopping and a Brexit-related jump in prices have created more problems for British retailers. Some companies state that the closures are an absolute necessity for trading and staying competitive.
The announcements about closing UK department stores speak of the shift towards online shopping. …