Is high street shopping going to become a thing of the past?
Unfortunately, this last twelve months has been extremely hard for many businesses within the retail sector and this has seen a lot of them having to shut their doors for good. Shops that have struggled to trade online or rely on passing trade have experienced periods of no sales at all and although they have been given some support, for many, it was simply not enough. It is likely that as the shops start to open up again as we come out of lockdown, we will see more and more gaps on the high street where high street stores and independent retails are no more. Over the last few days we have heard that retails Topshop, Dorothy Perkins and Oasis will not be reopening after lockdown and has been bought out by Boohoo, an online retailer. Could it be that over the next few years more and more retails switch to online shopping? There are advantages and disadvantages of this to customers and retailers themselves. For the retailers, their overheads can be a lot less as they do not have to pay to rent premises for their shop, but then they have to invest a lot more in their marketing to attract people to their website. For consumers, not being able to handle the item and try clothing on is what often puts many off buying items online, but as many of us have had to get used to this new way of shopping recently, it may be that some never return to shopping on the high street.