Arcadia could not be saved and is in administration. The knock-on effect of that is going to be far reaching and already we have seen that JD Sports have pulled out of talks to buy Debenhams, who are now set to close their doors after Christmas as a direct consequence as Arcadia had concessions in the Debenhams stores.

This means potential job losses of around 25,000 across both businesses and will further damage footfall on the high street.

What next for the high street?