Taking Stock 

Buying nothing at a knock-down price

Mark Robinson

Buying nothing at a knock-down price

The recent collapse of the Toys R’ Us and Maplin chains reminds us that when retailers go belly-up, often as not it’s a consequence of in-house failings. That said, the sector is now subject to structural changes that would have been difficult to imagine at the start of the millennium. So, while retailers have been trotting out the usual lines about cost-push inflation and exorbitant business rates, every store closure, every worker redundancy needs to be set in context against the rise of e-commerce.

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