💨 Abstract
British high streets are shrinking with closures of major brands like Poundland and Hobbycraft. Despite this, some brands like HMV and Topshop are reopening. Debenhams, Toys R Us, and Dorothy Perkins are among the most searched brands for a comeback, but their downsides include failure to adapt to online trends, high overheads, and poor financial decisions. Insolvency advice is crucial to help prevent liquidation for struggling retail businesses.
Courtesy: metro.co.uk
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