- On March 20, 2015
The High Street is changing
In a recent survey, carried out by Local Data Company, it has become apparent that the high street is changing dramatically. People are buying from on line to get the best deal without having to leave the comfort of their living room.
The top three retailers that have seen a decline are
3. Cheque Cashing retailer – we’re all on line with payments now-a-days.
2. Mobile Phone Shops – the networks have taken this industry over.
1. Video stores – Blockbusters were wiped out a while back and most music and video is being streamed on line. According to the study there has been a 100% decline in this industry.
The top increases on the high street are
3. Packing and Shipping shops – which shows the demand for on line shopping and selling
2. Restaurants – We all need to eat, and eating out has become a national obsession
1. Tobacconists/e-Cigarettes – a slight anomaly but e-cigarettes are converting many smokers to a healthier alternative.
How does this affect Storage World and the self storage solution providers?
As discussed in a previous post, on line retailers are the growing new independent trader. It’s a low cost selling option. You could start from a box room at home or have a larger warehouse operation. But the high street is filling up with a different style of retailer, mainly with eateries, coffee shops and becoming a place of entertainment rather than a place to shop.
Why waste your shoe leather trudging up and down the high street? You can type what you’re looking for into a search engine and shop. We all want choice, and the high street only has space for a so much, when you’re on line you can get choice. Retailers selling on line can get the space to stock more variations of choice for a small percentage of the price of a shop premises. Without having to pay for salaries for sales assistants, orders are taken, printed out and posted, there are no opening hours and no closing hours.
With overheads cheaper, you can buy more products at an even further discount. That discount can be passed onto the consumer and everyone is happy. Electronics, clothes, wine and even dog food can be bought on line, yes there is a delivery cost, but ultimately the overall cost is cheaper than the cost of buying from the high street. What’s not to love? The high street has been changing for years, it’s now a social place where we wine and dine, coffee with friends, it’s not dying it’s changing, and it’s still part of the community, but in a different way.