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Trouble On The High Street

There are further bad times on our high streets this week with the news that some big names such as Jane Norman, Habitat and JT Hughes have all gone into administration. 

Other big names such as HMV, Thorntons and Carpet Right have all said that they intend to close a large number of stores across the country.  This is bad news for the people of Shropshire because most of these names have a large presence on our local high streets, which will mean the possibility of further job losses, pushing more people further into debt. 

Unfortunately, as the consumer squeeze continues it is likely there will be further casualties to come on the high street before this recession is over.