Everyone is Asking the Question ‘will the UK High Street Survive?’

Everyone is asking the question ‘Will the UK High Street survive?’

Last week saw the final goodbye to Woolworth’s after it went into administration in November.   The Woolworth’s chain had been a major feature on the UK’s high street since 1909 and many years ago was the biggest chain.  It is reported that the collapse of Woolworth’s is simply that is had become the latest casualty of the economic downturn. 

The economic downturn has definitely helped but let’s not forget that Woolworth’s had been in trouble for years.  Growth of online shopping had already been making life more difficult. Zavvi, a high street music store, has also recently gone into administration as digital downloads and websites offer far cheaper discounts and consumers decide there is no longer a need for high street music stores.

As the economic downturn starts to affect consumers then they have to change their buying habits in order to survive.  Shops that sell essentials more cheaply than its competitors such as Audi’s and Lidl are set to do well in these financially uncertain times.  Despite the doom people can not help but still love a bargain.  Consumers can no longer afford to be snobs and are instead forced to turn into raging bargain hunters.

Boxing Day sales were the busiest in living memory as consumers rushed, queued and purchased goods while taking advantage of the slashed prices.

It is not only the economic downturn which has seen consumers change their habits. Technology inventions along with innovative services continue to spring up and why shouldn’t everyone jump to order their groceries online and save precious time and effort?

The high street is not the only place that has struggled due to the growth on online services.  Bingo Halls continue to struggle yet online bingo sites soar. As with everything in this world it comes down to survival of the fittest and of course the governments influence.

Will the UK High Street survive?

This is not the first hurdle it has had to jump.  In fact the past has seen the high street jump over some rather big hurdles.  The emergence of shopping malls in the 1980’s provided a major threat.  The 1990s is was the new out of town supermarkets which caused concern.  Then the growth of the internet was bound to bring the death of the high street as we know it and now of course it’s the recession.

Could the recession really be the final nail in the coffin? If history repeats itself then it is for sure that the high street will definitely put up a good fight.

We humans surely depend on our high street and what would replace the shops if they closed?

Recession and technology advancements may change the ways in which we do things  but people just can’t help to shop so surely retail therapy will be apart of our lives in some form or another.

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