talking
”The value of the combination of
is clear”
The v lue of the combination of
some sor of online + offline arrangement
some sort of online + offline arr ngement is clear
retailers in the UK, this is… notmany. But it shows that big online businesses recognise that consumers value some physical contact while consuming.
Even while buying fromonline businesses, we tend to think about shops and retail being the same. The two words don’t even have any letters in common, but the terms are treated as interchangeable.
Consumers continue to fret about the loss of shops on high streets, while buying lots online. Footfall in high streets and shoppin continues to fall this year (as it has
done every g centres
year for a decade), while retail parks are only picking up small increases.
The latest report fromthe Local Data
talking trade
Company, which conductsmarket research for the UK retail sector,
r, shows that in the first half
of 2019more big stores closed than opened - to the surprise of nobody at all. Cue hoary old “Death of High Street” headlines - again. We seemto be in a no-man’s land where more stores are closing than opening, while online hasn’t grabbed the wholemarket. There is opportunity in that gap, where imaginative retailers can build a future by taking advantage of the ever-multiplying opportunities to extend their businesses online, while remaining who they are - without PLC-sized investment. The future will be… different, but it’s coming just the same.Why is it taking so long?
Federation of Small Businesses] Retail and High Streets Policy Unit andmanaging director of exp2 Ltd
• Michael Weedon is chair of [[F
cy xp
including research and report creation for clients in the retail
providers, place managers and individual retailers. He established exp2 in 2016 fr leading trade association role.
d,, which carries out proj industry, xp
ry y, Mi
Michael’s’s contact detailsls are: Mobile: 074 Email: Mi
Em Tw
Tw:@michaelweedon
Michael.weedon@exp2.co.uk xp 7411 763 551
ojects fo
including data from a
the FSB
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