Online Shopping and Its Impact on High Street in UK
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Added on  2023/06/11
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This presentation discusses the impact of online shopping on the high street in the UK, including changing consumer behavior, factors in the decline of high street, and the future of omni-channel retail. Recommendations for high street retailers are also provided.
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Online shopping and its impact on high street in UK
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Table of Contents •Introduction •Online shopping and impact on high street •Changing consumer behavior •Different factors in decline of high street especially pandemic •Future is omni channel •Recommendation •Conclusion •References
Introduction The online shopping or maybe the ecommerce simply means that selling and buying the goods and services by making use of the Internet at the time of shopping on online mode. This term is being often used in order to describe the efforts of sellers when the products are sold to the consumer directly.
Online Shopping and impact on high street Bycomingupofthedigitaltechnologyinthe shopping, the UK High Street is being struggling. There has been seen a steady decline in the offline shoppingfromtheconsumerduetoimmense numberofadvantagesattachedtotheonline shopping.
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Changing consumer behavior There are 2 patterns of consumer purchasing which have changed in the way people make usageoftheHighStreetretailerswhich includes the following •A growing trend to make purchase with cash on experience •The frequent purchase of the people on online platform.
Different factors in decline of high street, especially pandemic There are different factors which have played an important role in the decline of High Street shop in UK and the major one includes the Covid 19 which have brought the new dimension for the troubles of High Street market. The highratesofbusiness,thesqueezedincomeaswellastheenhanced inclination for the people in order to spend their income on the experiences rather than on the material goods have played the essential part in plight of High Street of UK.
Future is Omni channel Similar to e commerce which has proved to be the lifeline during the pandemic, it has also contributed in saving High Street as well. This may sound as a strange statement as online shopping has contributed in declining the High Street sale but the future of the retail industry is mainly the omni-channel. The customer experience has been ever so important but nowadays the consumers’ wants best in the world of offline as well as online shopping.
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Recommendation There are different considerations for the High Street retailers of UK in order to capitalise its hybrid approach which includes the following •The use of data wisely •Ensuring brand ownership •Collaborate
Conclusion It can be from this presentation that the online shopping has captured the whole market by eliminating the High Street retailers in UK. They have been badly affected by the online shopping which provides immense level of convenience to the customers to shop from their home in a time and cost effective manner. The Covid-19 has been a major player in making the worst scenario for the high streets and contributed in enhancing the sales of e commerce.
References •Xi, G., Cao, X. and Zhen, F., 2020. The impacts of same day delivery online shopping on local store shopping in Nanjing, China.Transportation Research Part A: Policy and Practice,136, pp.35-47. •Li,X.,Zhao,X.andPu,W.,2020.Measuringeaseofuseofmobile applications in e-commerce retailing from the perspective of consumer online shopping behaviour patterns.Journal of Retailing and Consumer Services,55, p.102093. •Walsh, C., 2019. The newness of the department store: a view from the eighteenth century. InCathedrals of consumption(pp. 46-71). Routledge.