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Mike Ashley: 'Tax the web boys 20%'


Gen Z will shop where they find innovation and niche, at some point high street shopping will rebound, the net isn't the only thing that's destroying it, this started years ago. The only way the multiples could gain growth was to dominate the high streets, these high streets were made attractive because of the indies (not just clothing) which in turn meant private label flourished, the multiples then came to dominate in just about every high street in the UK, pushing up rents and killing the indies and the once flamboyant private labels, then the American Retail Park came along, the multiples moved out of the high street and into the retail parks, killing the high street and leaving high rents and empty shops, next came online and we are now where we are, with the once dominant multiples being chipped away at all ends of the spectrum and once again closing stores. The High St will comeback but smaller, smarter and much more niche, but it needs innovation on all sides landlords, government (inc town councils), suppliers, retailers, btw loving Coal Drops Yard, the way forward!

Posted date

6 December 2018

Posted time

9:58 am