The fact that buyers rescuing Debenhams and Arcadia don’t want their 500 shops shows how deep the high street crisis is
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The first part of this Observer business leader is spot on: whither Britain's town and city centres?
The collapse of Debenhams and the Arcadia Group, and their subsequent rescues, with buyers not wanting to take on their 500 shops, should be alarming. Policymakers are going to have to adapt to changing shopping habits going forward, and tinkering with business rates simply isn't going to cut it.