I think that the situation only gets worse for shops as logistics becomes better, faster and cheaper. It becomes easier to order on line, try it on at home, and send it back if you don't like it.
I'm not sure that bespoke retail services (made to measure, personal shopper, excellent technical guidance etc) is enough of a revenue driver.
However, an implicit assumption in all discussions about the high street is that rents remain fundamentally static.
Depending on the speed of change we might see rents reduce or a small financial crisis when a whole bunch of rent and mortgage payments are missed.
Of course House of Fraser is still available to you personally in Edinbugh through the power of Jenners
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timeasmymeasure
no subject
Date: 2018-11-06 05:33 pm (UTC)I'm not sure that bespoke retail services (made to measure, personal shopper, excellent technical guidance etc) is enough of a revenue driver.
However, an implicit assumption in all discussions about the high street is that rents remain fundamentally static.
Depending on the speed of change we might see rents reduce or a small financial crisis when a whole bunch of rent and mortgage payments are missed.
Of course House of Fraser is still available to you personally in Edinbugh through the power of Jenners