Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Thursday, 14 April 2011

Hi Ho Silver Jewellery closes down

The South West based Hi Ho Silver Jewellery closes down all its 16 shops today following its administration.  However, the brand continues to trade online. 

In fact, according to research by Boston Consulting Group, the UK consumer shops more online than any other country.  Therefore retailers ignore the internet at their peril.  It will not hurt overall sales as consumers want the overall experience with the retailer to be online and offline. 

ASOS has seen a 24% rise in its sales online in the three months to 31st March in the UK and a whopping 161% in overseas markets.  Granted overseas sales have risen mainly because of launching new websites but it indicates where the growth is.

If you are a struggling retailer think about your online presence as a priority!  If you havent got a website get one NOW.  Google are offering free websites to companies at http://www.gbbo.co.uk/

If your business has serious problems then take a look at our retailer rescue page

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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