As household-name stores fall prey to online shopping boom, we ask: Will the ...
The roll call of casualties gets longer each day. The nation’s High Streets, which once stood at the heart of the community and were a well-spring of entrepreneurship, are becoming cultural and social wastelands.
The book chain Borders has already vanished and others are battling to survive. Only yesterday, struggling Waterstone’s — which sparked a reading renaissance a generation ago — announced it was being sold to a Russian billionaire.
The Sussex Stationers chain, which started life as the very civilised and relaxed Breedon in my home town of Brighton, was forced to resort to heavy discounting and is now in administration.
Independent book stores look to be an endangered species. They are suffering the same miserable fate as the CD outlet Zavvi and video champion Woolworths — which both went bust — and the music store HMV, which is hanging on by its fingertips.
Meanwhile, the owners of the electronics giant Comet no longer think the business is viable. Signet, the owner of jeweller H. Samuel, has signalled it wants out. And Dixons, parent of Currys and PC World, is in the emergency ward.
Mothercare has also revealed it is shrinking by one-third and closing 110 stores, most of which are on High Streets around the country.
David Cameron seems to think that bossy, flame-haired TV presenter Mary Portas, self-styled ‘Queen of Shops’, might have the answers. This week he appointed her to advise on how to rejuvenate Britain’s ailing High Streets.
But her admirable record of turning around the fortunes of charity shops and improving the offerings at local dress stores is — like erstwhile government enterprise czar Lord Sugar — more suited to reality TV and entertainment than fostering true entrepreneurship.
The truth is that ministers seem reluctant to acknowledge that all-powerful, unregulated, monopolistic online enterprises such as Amazon and Google are among the causes of Britain’s lagging economic growth and the creation of a retail wilderness.
But, in many ways, the public is getting what it wants. For the OECD, the Paris-based think-tank, has found that Britain is the country in Western Europe with the highest proportion of families in which two people work.
As a result, time has become our most valuable possession, with online shopping being a godsend.
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He says that 29 per cent of commercials in the advanced world have transferred to the internet, and the erosion from traditional media to online is running at around 1 per cent a year. Inevitably, this huge revolution in the way we live and shop is
King County Prosecutor Dan Satterberg points out chicken breasts stolen from a QFC and then surfaced for sale at a discount at another store in Seattle still with the QFC stickers on them. The crimes of thieves are rewarded by
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