High hopes for the high street: Still something to buy in battered consumer sector

Why Ikea store closure will not flatten market

The UK consumer sector was dealt a fresh blow last week, when flatpack furniture giant Ikea announced it would close one of its 22 stores due to dwindling visitor numbers and "consistent" loss-making.

This is not the only bad news to have come from the retail space this year; less than two weeks ago, UK department store chain Beales fell into administration after failing to secure a last-minute buyer, while John Lewis warned its staff that bonuses may be at risk following a lacklustre festive period. The firm, which has 50 stores across the UK, has also been warned by property firm Colliers International that its business rates bill will likely soar to £59m in 2021. The flight path to ruin: Thomas Cook demise is a 'wake-up call' for high street brands With footfall on UK high st...