On the high street there are clear indicators already. USC are already in administration with a rescue package underway which won't necessarily prevent the inevitable.
Sadly it includes the wonderful shop at Maison Bertaux.
Many stores have failed to change their customer experience (service, ambiance etc.) or their stock. A proliferation of the high street hasn't helped with the low to high end all competing for the same customers.
Sir Phillip Green is the key person and he seems to have the upper hand with Topshop and Dorothy Perkins. Dotty Ps will suffer but I suspect he has a business model to overcome any downturn. Primark is going to continue to provide that fast cheap fashion fix.
My predictions for wobbles and even the end in the UK high street are:
Ted Baker (women's)
even New Look
Taking a battering will undoubtedly be M&S
Oasis and French Connection will be put under strain as will Kew and Jigsaw. Plus John Lewis and House of Fraser in their clothing retail, they both carry the same concessions with a few exceptions.
Gosh that's quite a lot. Who do you think will bite the bullet or reign supreme?