I agree Robert and it is only a ripple but we do have to start somewhere i guess. Education plays a big part too. The death of many high streets are down to these big companies, greed on the councils part i reckon. Whenever i can i use small independent shops and more importantly local. Many of my friends are big into bartering too which is great, gives you access to all manner of things.
The "death of the High Street" or at least a severe reduction in the number of shops is an unstoppable process which was addressed by Mary Portas in her report for HMG, which was commissioned to make it sound like someone gives a stuff or is actually going to do anything about it. Her 28 recommendations have as much chance of being adopted nationally or on any scale at all as Greece has of repaying its loans.
The reasons why it's unstoppable are that
- Joe Public while bemoaning the loss of local shops carries on driving into town for his/her weekly shop.
- the internet has destroyed the traditional business model for selling white goods, books and loads of other stuff. The collapse of Clinton Cards, and the travails of Dixons and Argos aren't down to Tesco.
- local councils seem unable to resist charging for parking. It's one of the few areas of revenue under their control but self-defeating.
- the supermarkets have sponsored a generation who can't cook so live off the convenience food and ready meals they peddle.
Retail fashion chains used to need 250 shops to provide them with national coverage. Now the multi-channel approach means that 75 will do the same job. One brand opened a big store in Westfield Stratford (next to the Olympic Park) and plans to close five in nearby High Streets. Their customers carry smart phones that allow them to scan the barcode on a label and find the nearest competitor selling the same item for less.
The majority of leases fall-in over the next five years in most High Streets. Expect to see vacancy rates rising a lot from current levels. It will also take a fairly large fall in business rates for such property to be attractive to start-ups even at much lower asking rents.