Re: How is the High Street going to look in 5-10 years?
Posted: Thu Mar 05, 2009 1:03 pm
It's proven that people gamble more money when the country is in a recession mayne, people chuck money on hoping to get some quick cash. Same with pawn shops, people need to sell stuff so they can get quick cash. There's more demand for bookies/pawn shops at the minute so more will open up.
Physical retail stores will always exist mayne. High end type shops/brands (Harrods, D&G, Gucci etc) will always have some type of shop, same with car dealers.
Personally I think a lot of stores could be re-structured so that they are more like car show rooms. You would go there to get advice on the product, test it out etc. and then order it and it would be delivered to the customer. It would cut down running costs a lot, you would need less space (no stock rooms), you would need less deliveries, you would need less staff etc. It might not be ideal, but it would be a better option than just running the business into the ground using business models that don't work no more mayne.
Tesco already started to have an impact on how people used High Street shops and the recession is really hurting them now, they need to try and be way more innovative if they wanna keep going.
Physical retail stores will always exist mayne. High end type shops/brands (Harrods, D&G, Gucci etc) will always have some type of shop, same with car dealers.
Personally I think a lot of stores could be re-structured so that they are more like car show rooms. You would go there to get advice on the product, test it out etc. and then order it and it would be delivered to the customer. It would cut down running costs a lot, you would need less space (no stock rooms), you would need less deliveries, you would need less staff etc. It might not be ideal, but it would be a better option than just running the business into the ground using business models that don't work no more mayne.
Tesco already started to have an impact on how people used High Street shops and the recession is really hurting them now, they need to try and be way more innovative if they wanna keep going.