It's been a sad, but inevitable, week for British retail. This week, two former staples of the UK High Street hit their bottom, calling in administrators: HMV; and Blockbuster.
Added to Comet’s demise at the end of last year, the British consumer has seen a lot of household names fail recently.
Both HMV and Blockbuster failed because of three simple reasons. This blog post examines the reasons and demonstrates that without innovation, other retailers will suffer the same fate, soon.