Future of the High Street
December 22, 2008
Last year, I blogged about how Fopp, a High Street music retailer, was going out of business. 18months later, two more victims have emerged, as Woolworths and MFI are going into administration in the midst of an economical ‘downturn’. Now stores are attempting to pull in the customers with extravagant sales in an effort to get people spending in the runup to Christmas. Whilst people are still buying in stores, you might think that online sales would be booming; with added incentives such as free delivery. However, comScore revealed earlier this month that traffic to online, e-commerce sites is down compared to the same period last year. So it seems that the sales really are necessary as people are realising that they need to be cautious about spending with tighter budgets. Of course you could take a light hearted look at the econsomical crisis with a ‘Tight Git’ sealed wallet. Either way, the January sales look set to be a bargain hunter’s paradise.
