Financial Darwinism in its purest form has hit the High Street. Two once-great names, Debenhams and Topshop owner Arcadia, are about to evaporate from our town centres into the ether of online shopping.
Much as we may lament their demise, it is inevitable.
In the great sweep of business trends, it is rare to be able to identify a precise inflection point when an industry changes for good. But when stores such as these disappear, it certainly looks as though we are witnessing a pivotal moment — and it is undeniably sad.
Shopping is an activity almost as old as humanity itself, and is so much more than a mere commercial transaction. The downfall of these much-loved businesses — even though they were long past their best — will leave both empty stores and an emotional void.
For millions of British women, going to Topshop was a mother-and-daughter Saturday fixture, …