the list continues to grow.
Some of the reasons for these changes come down to competition from on-line retailers, and higher and higher rents on shops, also competition from out of town retail parks where often shoppers don't pay for parking.
Bosses in this new retail environment have to make sometimes quick decisions if they are going to save their companies from impending doom and not allow their high street retail arm to drain their companies of capital reserves as they strive to have a presence on the high street.
So it was not a total surprise to hear this last week that Filofax are sadly going to close their Conduit Street store. The store has been part of the landscape for 20 - 30 years, may be longer. But all around it now are shops selling items of far higher selling prices than your humble Filofax organiser, this has driven up rents in the area to a level that Filofax are no longer able to sustain. In the case of Filofax they faced a 30% rent increase last year.
It's too early to say, but Filofax might have another shop in the future, but in a less costly location. In the mean time Filofax will be holding a closing down sale and shutting up shop within the next two weeks. You will of course continue to see Filofax organisers and inserts at other retail outlets such as WH Smiths, Rymans and Staples to name just a few.
The Philofaxy event at the shop in late September has gone through a very quick rearrangement and I'm very pleased with Filofax for responding so quickly and co-operating with us to still have an event on the same day... details of which are still being finalised.
On another positive note the Filofax website rebuild is getting closer to being finished with testing of the full site commencing this week. Details of the launch date for the new site will be announced on Philofaxy when the project is signed off and ready to go live.
And here are some recent photos of the Conduit Street store, thank you to Dee for sending these in.