Is M&S losing its retail crown to Asos?
Head of Property Dispute Resolution, Mike Lewis comments in Essential Retail on how M&S is poised to lose its crown in the British fashion industry to its younger rival, Asos.
He comments that the consumer shift towards online shopping and the decline in shoppers attention span is having an increased affect on UK high streets. "The big advantage that the stalwart high street giants used to enjoy was the opportunity to show off their wares in beautifully displayed windows and be able to attract customers by the pure scale and range of their stock on offer. This ‘advantage’ is no longer of relevance now that consumers can browse all of the stock in the world at the click of a button."