LONDON— A new report on the state of the British high street by Bill Grimsey, the former chief executive of home improvement chain Wickes and supermarket group Iceland, paints a bleak picture — and offers strategies to get town centers back on their feet.
"The time is right for a fresh debate on the high street because current government policy is achieving very little," Grimsey told WWD. "We know that there are 40,000 empty shops across the U.K., that thousands of small businesses are horribly financially stressed and at risk of failure, and that many town centers are a shadow of what they should be. People really value their local high street and we want to give every town center a fighting chance of a better future."
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)