High street retail: potential winners and losers in 2020
Stock market valuations certainly seem to suggest a division between retailers that are performing and those which aren't. In this article, we've analysed the latest commentary from listed UK retailers and given our view on some of the popular players in this sector.
High street stalwart Boots saw its sales fall by a staggering 48% during the three months to 31 May, despite its stores remaining open for essential retail. The firm now plans to shut 200 stores, shedding around 4,000 jobs. Boots isn't the only UK retailer that appears to be preparing for a major recession. John Lewis and Halfords have all announced job cuts and store closures. And these are the survivors - retailers including Debenhams, Cath Kidston, Oasis, Warehouse, Monsoon, Accessorize and Laura Ashley have all gone into administration in recent months. An economic downturn seems very likely. But we…