“This new high in empty shop numbers really sets alarm bells ringing”

Business quote of the day.

“This new high in empty shop numbers really sets alarm bells ringing”

British Retail Consortium director general Stephen Robertson warns that retailers still face huge challenges with 11 per cent of the High Street currently standing empty. More than one in ten shops standing empty represents a new high, after several high profile administrations including Comet, JJB Sports and Game.

More shops standing empty. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.