SnapShop Retailer Directory Search

You are here: Home | Blog | 2009 Review

SnapShop Blog

2009 Review


Posted At: 04 January 2010 16:44 PM
Related Categories: Administrations, Future of Retailing, General, Retail, Retailers, Social Commentary


If you’re anything like me, you’ll be thoroughly confused as to how it can be January 2010 already. 2009 seems to have gone by in a blur of drama and change for the retail world, as the industry struggled to stay afloat in the difficult market conditions.

January was perhaps the most traumatic month, as the final Woolworths store closed and SnapShop record 20 – yes 20 – retailers falling into Administration! 

On the flip side of that of course are new market entrants, which also saw a decline in 2009. Falling from 110 in 2008 to 79 between January and December 2009, they struggled to offset the losses felt on the high street.

Interestingly, some retailers who may have been destined to die managed to breathe new life into their lungs by persuading landlords to agree to a CVA. Focus, Blacks and Flannels all took advantage of this rarely-used opportunity.

Though many property developments slowed down as redundancies in the sector increased in abundance, Aberdeen’s Union Square, Bath’s SouthGate scheme and the St David’s 2 shopping centres in Cardiff all opened successfully and continue to trade well. 

And finally, towards the end of the year, we though Christmas was doomed as a veil of white snow fell across the country, creating panic and pandemonium amongst the hundreds of men who had left their Christmas shopping till the last minute – again! John Lewis was on hand, however, to provide a bed for those stranded at their High Wycombe store when the blizzards hit – aaaw!

It may not have been the best year, and it may not yet turn out to be the worst, but those who got through it are likely hoping for some reprieve in 2010, so here's hopping they get it!

Also in 2009…

  • Co-Op completed its £1.5bn acquisition of Somerfield
  • Primark was hit with more controversy over questionable ethics at some of its suppliers
  • JJB Sports and Chris Ronnie got into a right old spat, ending with his suspension and a subsequent investigation into his dismissal 
  • Iceland’s economic crisis threw Baugur into turmoil – it eventually put its stakes in House of Fraser, Hamleys, Aurum and Iceland into Administration in February
  • HMV ventured into new things, opening a cinema above one store, Orange concessions on the high street and taking stakes in various music venues 
  • New Look relocated their head office from Dorset to London
  • Jimmy Choo collaborated with H&M
  • Best Buy ramped up its UK entrance plans
  • And importantly, M&S won its £3.5m teacake tax battle, to determine that teacakes were in fact cake and not chocolate-covered biscuits as they had been taxed for

Comments Comments (0) Twitter Twitter


There are no comments for this entry.

Add a Comment:

Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.

Name *
Email Address *  
Comments *
The opinions expressed herein are the personal opinion of the author and are not intended as statements of fact and do not represent the view of SnapShop or Pragma in any way.


Enter your email address below
to receive SnapShop blogs
straight to your inbox.

Blog Roll:

Hurlbut & Associates
Insight-Driven Retail Blog
James Hall, Telegraph
Marketing Cloud Blog
Retail Consultancy Blog
Retail Contrarian
Retail Technology Blog
Retail Week Comment
Spotlight on German Retail

Archives By Category:

Administrations (71)
And Finally (22)
Christmas (5)
Co-operative Retail (1)
Environmental (6)
E-tailing (13)
Finance & Investment Management (3)
FSP News (4)
Future of Retailing (24)
General (63)
Jane Norman (1)
Media (4)
Retail (137)
Retail Marketing (3)
Retail Property (12)
Retail Statistics (40)
Retail Suppliers (8)
Retailer At Risk (6)
Retailers (193)
SnapShop Developments (3)
Social Commentary (34)
Store Closures (22)
Town & Shopping Centre Management (14)
Womenswear Retailer (3)

Recent Entries:

Retailer View - Weird Fish
Retailer View - Monki
Retailer View - Boden
Retailer View - The Entertainer
Retail Update - November 2018

Recent Comments:

Retail Spotlight – The changing face of leisure
Really interesting sector changes you've highlighted. We have also noticed a sharp rise in the 24 ho... more
Cost of Cash Set to Rise
We have seen growing investment amongst retail clients wanting to get ahead of this trend. it will ... more
And Finally - Surreal
Does my app look big in this, hehe, got to try the Ann Summe... more
Who's next?
Thanks Dave. Sports Direct International has very strong leadership and its accounts have been recor... more
Who's next?
Interesting stuff, it doesn't look like long before they will go under. Any ideas on why sports dire... more
Twitter LinkedIn
Privacy PolicyTerms of Use

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×