Today's daily is a bit abbreviated because of the Turkey post I just wrote. But there are a few interesting threads, especially in the UK.
1 Big Thing: the retail apocalypse is everywhere
The first thread from the UK I want to highlight here is the shutdown of Homebase locations. For those of you who don't know Homebase, it's a British home improvement store chain founded by British grocer Sainsbury's that is found on many UK high streets. It's very similar to a Home Depot or a Lowe's in the US.
They are now shedding a lot of stores. And the way the Guardian reports it, you can see the retail apocalypse overtones in the storyline.
The DIY chain Homebase is expected to reveal the closure of up to 80 stores this week as job losses from Britain’s high streets total more than 30,000.
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.