2014 has been a big year for business and especially the retail industry. Though some say we've seen the so-called "Death of the High Street", it wasn't the disaster as expected. However, the year did see some large scale mergers involving some household names.
The Evening Standard's retail correspondent, Simon Neville joined Headline London to discuss what happened and why.
One of the big mergers was between Carphone Warehouse and Dixons. The government's decision to change business rates saved many shops on the High Street.
Tesco had a dreadful year and their scandals marked a low point of 2014. Their failures with accounting procedures served as a reminder that no business is infallible.
One surprise of the year was Phones 4U going bust, who were running a viable business with money in the bank and enough turnover to maintain stores and pay staff. However, after companies refused to give them contracts, they were forced to shut and lay off 4,000 members of staff.