How to Reduce Survivor Syndrome

This week the headlines have been full of news stories regarding the downsizing of some well-known high street giants, including House of Fraser and Poundworld, in a last bid attempt to save them from collapse.

The closure of 31 House of Fraser stores puts 6000 jobs at risk.  At the same time a further 5,300 jobs may go if investors fail to rescue Poundworld from administration. Find out more

This is a devastating blow for the high street and an all too familiar story.  Yet the retail environment will only become more challenging, with more distribution channels and more consumer choice than ever before.  And, sadly, the sheer size of these high street giants only serves to impair their ability to respond quickly and effectively to changing market conditions.  Consequently, the pressure is always on.

So, whether this is the beginning of the end for these huge, property-heavy retailers, still remains to be seen.  But, perhaps what we can be sure of, in the wake of such significant job losses, is that there will be a negative impact - not only on those who lose their jobs, but also on the people who survive.