The UK retail market is undergoing fundamental changes. These changes are often described as a 'perfect storm' a phrase usually taken to mean that an unusual or rare combination of unfavourable circumstances has produced a particular turbulent outcome. 

In this report we aim to show that not one factor alone can be blamed for the recent retail failures. We explore:

•          The main factors likely to have had an impact on retail performance over the last decade

•          How retailers have actually reacted to this blizzard of challenges

•          Review of the Company Voluntary Arrangement

•          Store portfolio management