Arcadia, Debenhams — is this the moment Covid finishes off the high street?

The pandemic has deepened retail woes and Arcadia’s collapse will start another round of bloodletting

Even if Topshop is saved, the fallout from Arcadia is likely to leave more empty shops
Even if Topshop is saved, the fallout from Arcadia is likely to leave more empty shops
HOLLIE ADAMS
The Sunday Times

Pumped up with caffeine and enthusiasm, Pretty Little Thing’s Umar Kamani fired off a flurry of tweets advertising the brand’s Black Friday discounts. “Are you F***IN’ ready?” Kamani bellowed on Friday morning, mobilising his followers to snap up 11p bikinis and 45p puffer jackets in the 99%-off flash sales on the fast-fashion label’s website. It seemed to do the trick: Kamani, 32, later sent out a note of thanks, saying sales at Pretty Little Thing, part of his father Mahmud’s Boohoo empire, had “broken every record”.

With non-essential shops shut for the past month, online retailers are enjoying an unprecedented boom, but this year’s Black Friday was a bleak one for their downtrodden high street rivals.

After wobbling for years, Arcadia, Sir Philip Green’s Topshop