Wednesday 2 December 2020

Your P45 For Christmas

It's only Wednesday and so far this week we have lost Debenhams, then Aracadia Group (Burton, Top Man, Evans) and today Bon Marche has fallen into administration and between them almost 30,000 jobs have been lost just before Christmas.
The blame is being put on tough trading conditions and long-standing difficulties exacerbated by the Coronavirus pandemic and stores having to close for lengthy periods during the year but the truth is people don't want to go to shops anymore in the hope they'll have the required item when you can order it online, usually cheaper, and get it delivered.
This may well be the long awaited start to the death of the high street, in my town center alone we have empty spaces where Mothercare, BHS and several now defunct shops used to be and once Debenhams and Burton close their doors, that's pretty much half the town center gone or converted to a Charity shop over the last decade.
Its not the owners i feel for, this morning's pictures of Arcadia owner Philip Green on his billion pound yacht in the tax haven of Monaco while his staff face the immediate worries of buying Christmas Dinner while 25,000 of them are poured out into an already tough jobs market, makes me hope Karma is a real thing.
Unfortunately, the Job Center queue in January is going to be one of the longest we have seen since the days of 'Maggie's Millions' in the 1980's.

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