Britain's Amazon Obsession Pushes Retailers To Breaking Point
The U.K. is leading the way into an online-shopping future, and that has the country’s traditional brick-and-mortar retailers fighting for their lives.
With 18 percent of retail sales taking place online in Britain, the stakes are even higher than in the U.S., where the comparable figure is 12 percent -- and where department-store owner Bon-Ton Stores Inc. has just become the latest victim of Amazon.com Inc.
Here are four charts that tell the story of the U.K.’s retail crisis.
The shift online has opened U.K. retail to new entrants with low overheads, driven down prices and sucked demand away from stores, while the Brexit-driven drop in the pound has inflated retailers’ sourcing costs.
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