- 3 updates
Another chain store has collapsed, adding to the toll of high street casualties due in large part to the surge in online shopping.
The fashion company Republic has gone into administration, putting 2,500 jobs at risk. It follows the likes of HMV, Blockbuster and Jessops, who've had to call in administrators over the past few months.
But one businesswoman is reversing that trend by taking her online store onto the high street.
Julie Deane set up the Cambridge Satchel Company four years ago with just £600.
Now it has an annual turnover of £12 million and she's opening her first shop in Covent Garden.
But is she worried about doing that just when the High Street appears to be fighting for survival?
Rags Martel has been finding out.
Julie Dean has grown her business from a £600 internet start-up to a global success-story with a £12m turnover.
But how did she do it? And how can others follow in her footsteps?
Here are her top four tips for would-be entrepreneurs.
A business woman is bucking a retail trend and taking her online company onto the high street.
Julie Deane set up the Cambridge Satchel Company four years ago with a £600 loan. Now it has a turnover of £12m and an impressive celebrity client list, and Julie has decided to invest in bricks and mortar, by opening a shop in Covent Garden.