Analysis
Could Selfridges succeed where others have failed?
Selfridges has let slip that it is entertaining the idea of targeting regional cities in the UK for the first time in 20 years. With the Financial Times hinting that empty storefronts may be targeted by the luxury retailer, would this have the desired effect?
UK high streets have been on the decline for many years now, having lost 83% of all department stores nationwide in the past five years alone. Unsurprisingly, the departure of these businesses has left gaps in trade within high streets.
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