Despite headlines focusing on the demise of the high street, the reality is that many UK consumer businesses are thriving. It is clear that although consumers have changed the ways in which they choose to engage with consumer brands, businesses which have adapted quickly to meet their needs are succeeding. Unfortunately, those who have been too slow to change are struggling.
The headlines have tended to focus on the companies that haven’t fared so well and with good reason. Significant job losses and a changing face of the high street has a significant social impact. But if you stand back and look at the data, the situation for retail is actually one of growth.
Read the full insight on Grant Thornton’s website.