House of Fraser seeks to slash rent bill amid high street jitters

The video discusses the financial challenges faced by House of Fraser and other retailers due to changing consumer demands and high business rates. It highlights the importance of understanding consumer needs and adapting to online sales, as demonstrated by Next. The struggles of competitors like Debenhams are also noted. The video explores the impact on landlords and the potential for repurposing retail spaces. It concludes with predictions for the future of retail, emphasizing the need for a strong traditional identity and adaptability to survive.

What is the significance of Next's performance in the context of retail adaptation?

What do experts predict about the future of businesses that can retain a strong identity?