The retail industry is likely to suffer over the summer, according to a leading retail analyst. The overall footfall declined by 2.5 percent in May, which was a sharp decline on the same month the previous year.
The high street is suffering because of numerous different aspects including, but no limited to; the uncertainty surrounding the overall outcome of Brexit, the British weather, which is never good and doesn’t help retailers in the slightest, apart from shopping centres or shops that are located predominantly inside.
The online shopping revolution, which, Jeff Bezos sits triumphantly at the top of, with his website Amazon, doesn’t help the ailing high street. The main features of Amazon being Amazon Prime, in which your package(s) arrive the next day. The fact that there isn’t any opening times, traffic, weather or waiting to contend with – apart from if your internet is having an off-day.
However, it’s not all doom and gloom, there is light at the end of the tunnel, to coin the popular expression. Retailers can hit back at the online retailers, giving customers in-store experiences, which websites aren’t able to provide. Furthermore, the high street retailers are using technology to further enhance the shopping experience for the customer and ultimately tackle online retailers head on, with fresh thinking and innovation.
