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My 1,000
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The Internet has changed the nature the way we shop. More and more us are shopping online instead in "bricks and mortar" stores. the United Kingdom, this is having dire consequences the traditional high-street store. A respected business leader has released a report containing grim statistics the future U.K. retailing. CEO Bill Grimsey warns that 47 per cent Britain's chain stores are "horribly stressed financially". This amounts to some 20,000 shops. He predicts a quarter these will be out business within the next three years. Mr Grimsey has also said that the continual demise traditional shopping streets has led to what he termed as "ugly" town centres.

Mr Grimsey provided a range reasons the degeneration Britain's downtown areas. Over 40,000 Britain's shops are empty; roughly eleven per cent all retail space. Grimsey said many stores have not sufficiently risen to meet the challenge posed the Internet. He said that rather than looking to the future, and innovative ideas to lure customers , many stores are still stuck the past. particular, he said companies were too "nostalgic". Another reason is that multinational companies are draining local areas money. He said: "It is not difficult to keep local money within the local economy, but it doesn’t work if…we are listening too much to big firms."

 
 

 

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