Tweak Your Biz » Marketing » Does The Bell Toll For The High Street Business?

Does The Bell Toll For The High Street Business?



Walking through the High Street in my local town today I noticed yet another store up for sale. Going in to speak with the shop owner I heard again the sad tale of out of town shopping centres and online sales taking away the trade that used to be theirs.

The High Street as we know it is fast disappearing.

Where are the butcher, the baker, the candlestick maker, the grocer, the newspaper shop and the hardware store? Are we ever going to see the return of the High Street filled with shops and businesses or is it gone for ever?

A report last month by the Department for Communities and Local Government in the UK wrote that “Internet shopping and out-of-town shopping centres are not going to go away – they offer the convenience and choice that customers welcome.  So for our high streets to thrive they must offer something new and different”.

Figure 1 shows the decline of high street spending in recent years and the growth of non-store sales.

The following statistics are even more telling:

  • Between 2000 and 2009 the number of town centre shops fell by almost 15,000 with an estimated 10,000 more losses since 2010!
  • Nearly 1 in 6 shops are vacant
  • High Street footfall has fallen by 10% in the last 3 years
  • In 2008 the Competition Commission found that the number of specialist grocery stores had declined significantly since the 1950s: “The number of butchers and greengrocers declined from 40,000–45,000 each in the 1950s to fewer than 10,000 each by 2000. The number of bakeries declined from around 25,000 in 1950 to around 8,000 by 2000 and the number of fishmongers declined from around 10,000 to around 2,000 over the same period.”
  • Supermarket outlets now account for over 97% of total grocery sales.
  • e-commerce accounted for nearly half of all retail sales growth in the UK between 2003 and 2010, as internet access has become more widespread.
  • M commerce – sales over mobile devices – have increased more than 500% in the last two years.

Related: The Changing Mindset Of The Consumer

As the graph below shows the trend toward internet and m commerce is only going to continue to grow.

It’s not surprising that the outlook of many local business owners is so bleak. After speaking with several business owners on the High Street I came away with the conclusion that the only hope our high streets have of surviving in the future is to change.

What can the High Street Business Offer?

According to Mary Portas in The Portas Review December 2011

“In a world where the sheer sophistication, speed and scale of both the web and the major supermarkets will always be pushing new boundaries, you’ll never be able to compete sustainably on price. You’ll never be able to beat the sheer efficiency of the web. You’ll never be able to compete with the range and diversity of the major multiples and supermarkets. Where you can compete and need to focus your efforts is in three core areas: Experience, Service and Specialism.”

# Experience

Starting with the customer experience and designing the product to fit into it. How can you design the experience for the customer in such a way that they just have to come and visit and whilst there want to buy something? What unique experience can you offer that is unavailable on the internet or in the impersonal out of town shopping centres.

# Service

The new selling!

It is important for the High Street Business to truly connect with and really know and care for their customers. To become the true expert who can advise the visitor. Social media is relationship marketing online. What can the High Street Business offer to build relationships with their customers on their premises?

# Specialism

Instead of offering similar products to everyone else High Street Businesses need to become true specialists in their field.  Dare to be different and attract customers from miles around.

Related: The High Street Needs To Go Online

Yes, the High Street as we know it is disappearing but when businesses start placing more emphasis on providing what the customer of today actually wants and catering to the way they like to shop there is no reason why it cannot become a vibrant hub for the future.

Did you like this article? Sign up for our RSS, like us on Facebook or follow us on Twitter

Image: “crowd of people rushing on the street in intentional motion blur/Shutterstock



The Author:

Anne is passionate about helping businesses succeed in marketing their business in today's world. As traditional ways to promote businesses are becoming less effective Anne and her team at Bison Mobile Web Consulting focus on providing clients with modern marketing methods that are proven to work Currently Anne lives in beautiful South Somerset with her husband, 3 children and 2 dogs. Let her show you how you can get more clients for your business and increase your income so you can spend more time enjoying life and less time working and stressing in your business. http://www.bisonmobilewebconsulting.com

Add Your Comment

  • http://www.bloggertone.com Niall Devitt

    The high street shop that decides to stand still will fail. For those shops that excel with their experience, service and specialism offering, technology will allow for them to amplify their uniqueness. Traditional retailers need to look at the opportunity, rather than the obstacles. Great post! 

  • http://twitter.com/annedepuryperez Anne Perez

    Thanks Niall. How to save the local business has become a real passion of mine and as you say quite definitely “the high street shop that decides to stand still will fail”  There is a way forward with technology and I sincerely hope that they take advantage of it before its too late. 

  • http://www.smartsolutions.ie/blog/ Elaine Rogers

    Hi Anne,
    A wonderfully informative post, I know there are some that will be happy never to have to walk the streets to the various high street shops, happy to wander in the comfort of a shopping mall with easy parking.
    And for some, nothing gives them greater pleasure than to “go shopping” incorporating the coffee  shops, bistros, butchers, market etc.
    Not one size fits all, but to assume one kind of shopping will completely die out has lost confidence in many shop owners.
    As Niall mentions, they need to look at opportunities rather than obstacles. I would extend that they need to look FOR the opportunities, and be pro-active. In terms of online – there is a lot they can do to interact with their customers, to draw them in off-line and on-street :)

  • http://twitter.com/annedepuryperez Anne Perez

     Hi Elaine
    as you say “not one size fits all” – There are those who prefer the out of town shopping centre and the super market but I would hate to see the High Street disappear. As transport becomes more costly its important that local shopping remains a viable option. Thanks for sharing

  • denisefay

    Anne, you are practically discussing my home town of Drogheda. It’s main thoroughfare has changed significantly over the past several years. I could talk for hours about it. But let me tell you this. We were part of the RTE Local Heroes project (Sep – Dec 11) and it made people come back to our high street. Pop up shops were opened on the run up to Christmas and Easter. People felt proud to be part of West Street again.

    The retailers got on board; there was another initiative €5 Friday and the retailers offered discounts to encourage people to shop locally. It got people excited again. It truly was great to see.

    Both residents or users of a high street need to be aware of the commercial realities for shop owners – rates, overheads, wages, etc and on the other hand, retailers need to go that extra mile to add service.

    I for one, love going ‘down town’ as we call it in Drogheda! Long live the High Street but it will take determination and inspiration from both consumers and retailers alike.

    Take care,
    Denise

  • http://twitter.com/annedepuryperez Anne Perez

    Hi Denise That’s great to hear. thanks for sharing such a great example. I would love to hear more about it.