I just got back from holiday when I saw something wrong in my local shopping centre. There it was: another empty shop. A business that had run smack into the wall. It was the video shop. Now, video stores have been under threat for a number of years. A whole chain went under administration in the UK recently (528 stores employing 4,000 people). But I’m not here to talk about the reasons why video shops are collapsing (hint: the rise of e-commerce) and retail chains going under (50 folded last year in the UK alone).
Ever-rocketing energy costs didn’t force that business to close. But not caring about it may have been just one of the many indicators of laxness in the business. For example, I never once saw the owner ever in his store. Says something, doesn’t it? Continue reading “Will energy costs break your business?”