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Anorak | Structural change not shopping is killing the High Street

Structural change not shopping is killing the High Street

by | 24th, May 2013

marks and spencer online

THIS is an interesting little piece of news from Marks and Spencer :

Marks & Spencer is to stop opening new general stores in the UK amid a shift to internet shopping.

The company will build four new large outlets over the next three years, but then call a halt to 129 years of bricks and mortar expansion.

Bosses believe that the popularity of ‘click and collect’ means people will be buying more online and either collecting from its existing stores or getting home deliveries.

Economists desperately try to point out that there’s two very different processes that go on in any country or economy. There’s that bit that we normally think of as economics, boom or bust, inflation, unemployment and so on. And then there’s the bit that economists think is much more important and no one else does: structural change.
Times right now are hard, we all know that. Incomes are stretched, no one’s got much money to splash. So there’s empty shops all over the place. So all we’ve got to do is get a bit of a boom going, kill unemployment, and the high streets will be

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Posted: 24th, May 2013 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink

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  • IAN SPEIGHT

    Another factor, that has to factored in, is this Awful weather.
    The weather is been blamed for falling sales in March &
    April,So obviously May is going to be the same.
    Sales of BBQ’s are at rock bottom Summer clothes
    are the preserve of those heading abroad for a weeks
    escape,Why those unfortunate enough to stay here
    are more intent on winter clothes than summer Clothes.
    Garden centre’s are like ghost towns as people can’t
    get into their gardens.It’s a gloomy situation which shows
    no sign of ending this Summer.