My 1,000
Ideas
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My 1,000
Ideas
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The Internet has changed how we . More and more of us shop online of in "bricks and mortar" stores. In the United Kingdom, this is having consequences for the traditional high-street store. A leader has released a report worrying statistics on the future of U.K. . CEO Bill Grimsey warns that 47 per cent of stores (20,000 shops) are "horribly stressed financially". He predicts a of these will be gone within three years. Mr Grimsey also said the away from traditional shopping has led to "" town centres.

Mr Grimsey gave reasons for the of Britain's downtown areas. Over 40,000 shops are - 11 per cent of all retail space. Stores have not risen to meet from the Internet. He said stores are stuck in the past and are not looking at the . They need innovative ideas to bring back. He said companies were too "". Another reason is that companies are taking money away from areas. He said it was difficult to keep local money the local economy if "we are listening too much to big ".

 
 

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