"The State of the Retail Industry" White Paper Reveals the Truth About Retail Business Failure

    LANCASHIRE, ENGLAND, January 18, 2012 /24-7PressRelease/ -- Mary Portas Got it Wrong

The UK's retail guru, Mary Portas, recently released her High Street revival report, commissioned by the British Prime Minister David Cameron. In which she discussed the reasons for the decline of the UK High Street. This follows an earlier report, produced by Colliers CRE which addressed a similar subject.

The Australian retail industry is also awaiting a report from its Productivity Commission into the Australian retail industry. No doubt the US government is likely to get involved in the fight to save its retail industry.

Indeed, urgent action is required if we are to tackle the challenging realities that the retail industry is facing.

The retail industry accounts for 8% of the UK's GDP, 7.9% of US GDP and 18% of Australia's GDP; employing approximately 3 million people in the UK, 14.4 million in the US and over 1.5 million in Australia. It is understandable that these governments will be concerned about the decline of a very essential industry sector.

Whilst most retailers are facing difficulties, a handful are achieving phenomenal success despite trading in similar economic conditions. Why is that? Why are a handful of retailers achieving extraordinary success whilst the vast majority continue to struggle?

Why are Tesco and Holland & Barrett, the third and fourth most profitable businesses in the UK, whilst retailers such as La Senza, Jane Norman, Mothercare, JJB Sports, Clinton Cards, Thorntons and HMV struggle?

The reports, written by both Mary Portas and Colliers CRE, highlighted a number of challenges facing the retail industry. However, both failed to address the core problems. Furthermore, they both failed to answer this simple question:
Why are some retailers experiencing phenomenal success despite those challenges?

Discover the Real Truth About Retail Failure

This is the first time in the history of modern retailing that a single document has captured the core challenges facing the industry.

It is the first time a document on retail has revealed that most retail executives are inadequately equipped to run a business and that the majority of retail middle managers are incompetent.

The White Paper discusses the declining fortunes of major book, DVD, music and electronic retailers, that don't rest solely on difficult trading conditions rather on their inability to grasp the concept of the "Long Tail".

The proliferation of niche markets brought about by the internet has completely altered the factors of distribution. Consumers are exposed to more choices than ever before in the history of mankind.

How can retailers survive this "Long Tail" century? They can survive by adapting to the current trading environment.

Charles Darwin's "Evolution Theory" introduced the concept of "Survival of the fittest". The fittest in Mr. Darwin's lexicon is not the strongest or the fastest but those who are better equipped for survival and adaptation to their local environment.

What we are witnessing in the retail industry is "Evolution Theory" at play. A handful of retailers are adapting to the changing retail environment while the majority are fading away.

The High Street is in ruins, retailers big and small are going out of business, however, instead of the industry screaming "Chicken little the sky is falling" it needs to respond to the threat by coming up with innovative "Blue Ocean" strategies.

Adopting the "Blue Ocean" strategy is the only salvation for the retail industry more so for book, DVD, music and furniture retailers.

"The State of the Retail Industry" White Paper outlines how the retail industry can adapt to the changing trading environment and develop "Blue Ocean" Strategies for the future.

Oliver Wendell Holmes ones said: "When I want to understand what's happening today or try to decide what will happen tomorrow, I look back into the past because that's the best predictor of the future is actually the past".

The relics of once proud industrial times now stand silent in city after city all over the UK as a testament to a vibrant industry that once was. The ghostly silence that greets visitors in High Street after High Street is an indication of an industry that is on the brink.
Will the retail industry outlive the manufacturing and automotive industry? The answer is in "The State of the Retail Industry" White Paper to be published on Wednesday 18th January 2012.

For more details about The Retail Education Center please contact:
Romeo Richards on +44 161 945 1754 or email [email protected]

The Retail Education Center is a division of The Business Education Center. The Business Education Center provides the most in-depth and comprehensive business coaching and training to professional such as doctors, lawyers, accountants, business consultants, private security firms and retail executives.

For further information about The Retail Education Center please visit: www.theprofitexperts.co.uk.

To download your copy of "The State of The Retail Industry" White Paper, after Wednesday 18th January 2012 click on the link below: http://theprofitexperts.co.uk/The_Retail_Education_Centre/why-retail-businesses-fail/.

Retail Profit Protection Experts a division of Richards International Group provide the most comprehensive retail loss prevention/ profit protection training in Europe. We help retailers increase their profit margin by 2.34% in 120 days guaranteed.

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