Analyzing Britain's Retail Crisis: Reasons Behind Your Favorite Shops' Closures
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- Опубликовано: 25 окт 2023
- SEVERAL major shops and chains are closing dozens of branches before the end of the year.
Some stores will be replaced with brand new shops while others will disappear from the high street forever.
Boots is closing eight stores, many of which provide community pharmacy services, before the end of 2023.
Budget supermarket Iceland is closing stores in two locations and Tesco is closing one of its popular Express stores.
DIY chain Homebase is closing two stores in November and a third in December.
B&M, Byron Burger, Cineworld, Farmfoods, M&S, Sports Direct and WHSmith are also closing a handful of stores before the end of the year.
The cost of living crisis, stubbornly high inflation and energy costs are taking their toll on retailers.
Shoppers have been cutting back spending, while the cost of actually running a store has also increased, meaning some outlets have struggled to keep going.
Figures from the British Retail Consortium (BRC) this summer found the UK had lost 6,000 stores over a five-year period.
Several major brands have also collapsed and closed stores for good.
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Inaccessible city centres, greedy council parking costs and Amazon?
Councils are being starved by central government, who in turn starve the people paying council tax.
all pertinent.
Amazon and ecommerce stores is definitely to blame. AI will take over the jobs. We need to stop this.
That basically summarises it.
@@Bamsebjorn5000 Just find different purpose for these locations like maybe bars, cafes, restaurants, gyms, etc.
The Goverment
Goverment Taxes
Fuel costs
Foid costs
Energy costs
Have killed retail
Tory voting BREXIT voting no to Scottish independence KARMA fuckem 🇬🇧🖕🏴
Council taxes?
Housing costs?
Amazon
Private equity who bought big post covid pulling the plug.
I live near Bristol. The Mayor of Bristol has made the experience of driving into Bristol to visit the High street an unbearably expensive endeavour. Just don’t bother these days.
Agreed. Bristol has been ruined.
The planners succeeded where Hitler’s bombs failed
Absolutely no incentive to shop there, traffic congestion, parking ULEZ charge, poor public transport.
Not longer a even a pleasant place to be.
Don’t even bother with Cribbs Causeway at busy times.
We buy almost everything on line and visit coffee shops, pubs and restaurants in outlying villages.
Same everywhere. In my area is £2.40 to stop the car and get out to get a pint of milk. I don't know why we can't have 30 mins stop by allowance. The other thing my council closed one road we were using to get to our local restaurant and made a huge pain to get there. We don't go there anymore.
The councils are now biggest corrupted super expensive parasites feeding on us. They are like overgrown leaches sucking the blood from us and local businesses. They also introduced a tax on tenants anything from £700 to almost 2k. It's is collected by landlords and poor tenants don't even know about it because the landlord increase rents without explaining that to tenants.
It's the same with Liverpool and Manchester, I just refuse to drive in.
@@hilarygibson3150 so with Bristol it’s £20 a day parking and on top of that there’s a £9 ULEZ charge. Ridiculous 😠
I still got an empty Debenhams and an empty Wilko's in my local town in King's Lynn as well,Often going past them,Wilko's still has it's shelves in the shop,Debenhams looks almost completely empty,Also got quite a lot of other empty shops in town,We end up loosing most towns in the near future,Most places be turning to online shopping,The Internet be taking over,Any thing in towns what be left open in the near future be any thing next to nothing
No need to watch the video i can tell you why they are closing its really simple. Most of us are shopping ONLINE.....
There we go
i keep saying this all the time. I don't get why people are so confused that retail are reducing their inventory on physical games, when digital games are so popular and if anyone buys physical games its online and most of the time from Amazon because its cheaper, and sometimes even comes before the actual release date xD
Plus physical store suck to work in and suck to go into, overpriced and full of utter tate
and that is the problem it will ruin the economy and city life.
@@TFx2TV here we go. No work ethics. People want the silver spoon right away. Lazy people.
@@Bamsebjorn5000How many staff would work in these retail shops? How many new delivery driver jobs have been created due to online shopping?
Don’t misunderstand. The main reason of retail apocalypse is the worse poverty.😆
Online retail is booming and has been for many years. There are many tens of thousands of delivery drivers.
@@johnmitchell2269 online retail is booming for almost two decades and only basic products are mostly purchased on line. Arts, Service Shops, Luxury Goods and so on can define a level of city. The activities on streets can tell the health of a city unless you only stay at home.
We need to watch deeper and think wider.
What a mess world we are living in now.
Merry Xmess
Why go to somewhere like top shop when you can get the same stuff in a supermarket for half the price or less.
As for Wilko it was cheap and nasty whenever I went past one it was always empty.
Out of town shopping centres.
But the main high-street shop killer is online shopping.
I notice that you say "when you went past Wilko ".Wilko was certainly not nasty.They had excellent garden products,superb range of pet food, wild bird food etc as well as cleaneing products ,electrical ,plumbing items,They also sold medicines etc eg the same as you would get in Boots.
Now if you want cheap and nasty it's B & M or The Range.
people prefer shopping centres with parking
Idiots yes
Really well thought out and put together explanation of the current situation of high streets.
Well done Ladies.
Also we need to add a few points such as:
new lifestyles changes like minimalism, realisation of unnecessary consumerism, rising living costs and inflation all contribute to the current drop of buying things.
Experiences are more important like having a great lunch or dinner with friends, holidays...
100% I see what you describe the days of mass consumerism are over. This business model always had a limited life span, people are drowning in unnecessary tack busting out of every drawer.
Where I live, I can easily access and park for free at Morrisons, M+S Express, Sainsburys or Asda, where I can busy alsmost anything I need. Otherwise, Internet. No traffic wardens and no CCTV cameras preying on unsuspecting drivers (last time I was in central Glasgow I got fined 50 quid for accidentally taking a wrong turn).
UK is an Animal Farm with more equal than others permanently occupying No.10😊
Trouble is, you can't buy what you want in the high street these days. I wanted some brown glazing putty, went down town, tried five stores, took over an hour, several start stops of the car, came back empty handed. Put the kettle on, got onto the internet, ordered the pity in about 2 mins and it arrived two days later.
It's rediculous ground and business rates. Greedy land owners.
They only ever increase their demands.
What goes up must come down is logic which does not apply to landlords in our feudalist British society.
Online outlets like Amazon, google have been given infinite competitive advantages over our stores and retailers. An they continue to avoid taxation.
Outside of London Business rates are often higher or as high as rent. Business rates, leaving the EU and high energy costs have finished off the UK as a first world country.
😂
An American company based in Ireland has taken most of the business. There's no high street, even with hundreds of stores which can match the selection. The UK is but a dead water in the river of economic progress.
Lol they talking like inflation didn't cause a lot of this these day's people can barely afford rent, utilities and food let alone go shopping 😅
Online shops...... That kill everything that have bricks on their shops
On-line shopping. It’s easier to buy stuff from China than make the effort of going into town, and still not find what you want. Certainly only half of the Chinese stuff is any good, but in the meantime there is nowhere else to find what do you want. Plus the city fathers make getting into town and parking a miserable experience, double plus there are beggars and god knows who else everywhere. Triple plus, salespeople don’t know their products, or care. I hate our ugly post war towns now, but unless the clothes shops in particular can bother to have lovely things for all ages, goodbye.
shops in there current form need to radically reinvent themselves to stay relevant. We don't need these places with tons of stock that gets written off because noone buys it, we need more social gathering areas where people can give demos, talks, entertain etc, with the actual shop experience mimicking argos. You don't need loads of products on shelves people can steal and that has a limited shelf life sitting on a shelf, the extra space on shop floors can then be used to do demo's and for people to gather. Larger eating and seating areas can be accommodated in these venues.
Clothes shops could become more like fashion expo's, music shops mini gig/concert halls, food shops could become places that companies could demo how to use their products, while allowing people to come and collect their order (or make an order at a computer like you do in argos), so on and so forth.
Everytime I tried to go shopping over the past 20 years I get harassed by a parking warden.
Stopped going and spending my money where I am unwelcome.
It’s worst than that now, there are cameras monitoring our parking and issuing fines with no human intervention.
@@jasonsutton4415 I just don't bother anymore. It's a hostile environment for shoppers. Paying for parking on what was once and probably still is common land that is owned by all lol.
Bad economics!
@@martinreid2487Paying for parking helps pay Council executives away day jolly's and gold plated pensions.
I remember during the 80s and '90s lot of rich Arab Sheikhs and their families used to flock to the city of London to buy luxuries and top-notch UK Brands.
In Pakistan, people used to show off their fancy products such as sleeping suits, gowns, socks, sweaters garments, etc. Which they purchased at the M&S, St. Micheals and Self-ridges stores.
The tourists were the backbone of the London High Street Economy, and most of these stores were packed with Middle Eastern customers carrying large amounts of traveller cheques and cash. Such splurge and irrational exuberance were on display!
Harrod looked more like an Arabian Oasis fantasy coming true.
Now with the advent of Dubai and other mega shopping malls around the GCC and also in SE Asian nations such as Malaysia, and Indonesia, Arab travellers are spending their petrodollars in those tourist spots. The Exchange rate conversion is also favourable.
An overvalued Pound Sterling has made tourism expensive and lowered tourist shopping traffic on the high streets of London in my opinion compared to the 1970s, 80s and 90s.
Don't talk ridiculous london and most major cities in the UK are still littered with Arab Pakistani chinese etc buyers you want to go look in Dior chanel Balenciaga cartier selfridges harrods flannels etc its certainly not white british keeping those businesses afloat ..Don't know what you are talking about only a load of lies and misinformation 😂😂😂😂
Shop closures are harming the ability for shoplifters to earn a decent living.
Online shopping
As British people, we are all about value for money, are we not? I am at least. Why would I or anyone else pay 30% more for the exact same product in store than online? Unless it's shoes that you want to try on, you simply wouldn't. Also, in the past how many of us would go to four or five different stores wanting to buy a specific product, only to return home empty handed, half a day wasted. That specific product you want can be paid for online and delivered to your address, saving you both time and money, as well as actually getting what you wanted in the first place.
High street stores failed to compete with online shopping and as soon as they raised their prices they basically signed their own winding up order.
Philip Green taking around a billion out of the businesses he controlled and retiring.....may have helped the downfall of some iconic brands...
Private equity using sales and leasebackof the property weaken the asset value of the company. Green sold the freehold.d of all BHS property assets leased it back to the company and paid himself the largest dividend in UK history via his wife domiciled in Monaco to avoid capital gains tax. Theft but all legal.
To learn who rules over you, simply find out who you are not allowed to criticize.
Is it due to something policy, or is it due to the distribution of goods via the Internet?
In other words, is this the result of the historical loss of the significance and necessity of the shopping district itself?
If so, does this mean that the same scene will soon be seen in cities all over the world?
Membership class
Make ya wonder what more shops will go in the near future,Lost enough retail stores over the years
Bookies and pretty much any retailer that doesn’t sell food.
Opening a business in the US is a fictional adventure. In the city I open my barber shop had a fee or tax for everything. A sign tax , had to pay a tax to hang a sign in my shop window. Fire inspection, state inspection blah blah. Rent and utilities insurance maintenance costs. People biched that I charged in 2012 $25 for a shave and cut. Now would need to charge $75 today to make a tiny profit.
Don’t worry….soon we’ll all be in our matrix pods and won’t need to buy anything 😉
we already are ;p
Parasite landlords and local councils. My local barber told me the first four hair cuts of the day go straight out the door to those two leeches......
So you and your complaining barber expect free rent and free council tax and free bills .Both of you sound more like parasites than your landlord or council ..Every business has to pay bills and have done for decades paying rent is no new thing 😂😂😂😂😂
Hi-fi, what's that!
When don't have money to buy these will inevitably happen
We all know why.... The same reason in America.
what?
[Insert "Online shopping killed high street" comment here]
I don’t buy from crapazon
when councils abolish parking charges and anti car campaigns ill stop buying from the internet
❤️🙏
Having things to show guests used to be a status thing. When women started working, we deprioritized our home social life, and retail followed. The outlets aren't the cause of this; they're a result.
shopping is one boring pass time
Basically the uk is fubar
Online shopping is killing retail shops.
Society is changing in a bad way.
A lot of town centers are dead.
Fire UK SUNAK he is to blame for UK demise & homelessness !❤
good riddance i say, shops sucks, total money sinks of tate i don't really need. People treat you like rubbish if you work in them, and the experience of shopping online is so superior its laughable, cheaper, better quality, better service and i can get exactly what i want/need without any of the unwanted tate.
Better together SCOTLAND 2014 youll loose your job of you vote yes food prices elecricity bills will go up £400 😮😂 you can only be in the EU if you vote no
no voting karma
sacked
Freezing
Starving
Business gone bust
Lost your home
🇬🇧🇬🇧🇬🇧🇬🇧
Keep voting Democrat!!!
wrong country 😂
@@mistermood4164 Democrat = Liberal!
@@mediamilitia7572 the liberal party in Australia is the conservative party.
It all started with decimalization. All prices were conveniently 'rounded up'.
Im just waiting for the blaming the immigrants comment
I really miss woolworths
i miss it only for the pick and mix, lol
@@killer1479 same lol
:D@@haroonnawaz4702