Taking a risk

In Industry News On

The August riots in London and other cities north and south of the capital shook the society to the core. Yet it was the retail industry that suffered most from the mindless violence and destruction – with both electrical independents and multiple stores being the targets of looters and vandals. The question to which no one could find an answer at the time was: Why did this outburst of violence happen? What did the rioters hope to achieve?

Numerous reporters searching for clues approached the rioters who told them that they stole and broke everything in sight because they could. Well, this truth is hard to swallow and calls for a review of the principles on which our private and social lives are built. And indeed experts from different walks of life, from educators to insurance experts, are now analysing the causes, the outcomes and the remedies.

However, where does this leave retailers who – in an attempt to be as close to the public as possible – are most vulnerable to street violence, risking not only their livelihood but also personal safety?

Watching the scenes of mindless violence I thought about John Digwa and his beautiful store in Ilford which I visited only a few days before (which fortunately was left unscathed by the riots). I also pondered over John’s words about the need to take risk to remain a serious player in the constantly changing world of business.

I believe that the concept of business risk has acquired a totally new dimension for retailers since the events of August.

You may also read!

Whirlpool UK Appliances expands global STEM tournament to Bristol primary schools

Whirlpool UK Appliances, the home of Hotpoint, Indesit, Whirlpool and KitchenAid brands, is launching a new fully-funded Institution of

Read More...

Pre-orders open in Europe for Sony LED TV with cognitive intelligence

Sony said that pre-orders have started for its BRAVIA XR X90J Full Array LED TV, which it said delivers

Read More...

Customers urged to play their part for safe reopening

Thousands of retailers will be welcoming back customers from today as ‘non-essential’ retail begins to reopen. Retailers have spent hundreds

Read More...

Mobile Sliding Menu

©2020 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY
open