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Report on Online Shopping and The High Street Business in UK

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Added on  2020-06-03

Report on Online Shopping and The High Street Business in UK

   Added on 2020-06-03

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Researching and Analysing Data
Report on Online Shopping and The High Street Business in UK_1
Table of ContentsINTRODUCTION...........................................................................................................................1Question:.................................................................................................................................1Information gathering.............................................................................................................1CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6Illustration IndexIllustration 1: Vacancy rates of street Business ..............................................................................3Illustration 2: Growth of Online retail.............................................................................................4
Report on Online Shopping and The High Street Business in UK_2
INTRODUCTIONAs the technological changes are taking place, industries have identified different ways toutilize it to earn more profit. Following report is about the Online Shopping and The High Streetbusiness in UK. The report comprise of primary and secondary sources of data collection.Further, effectiveness of the IT approaches on the following topic are evaluated. Complete reportis critical analysis on the mentioned topic. Question:How digital technologies are impacting on High Street business in UK? Information gatheringAccording to Bulter (2013), in her article she suggested that high street business mustadopt changes should implement new digital technologies. She mentioned that John Lewis, oneof the retail sector in UK is now completely shifting to the online store and is connecting to morethan thousands stores. It will increase the shopping industries standards. Moreover, there hasbeen rise in the shopping level in the company after they started online-shopping and their click-&-collect option. Along with this, during the festivals the online sales has proved to be moreprofitable. They have made Collect+ scheme where person is allowed to collect or pick theclothes. There are great advantages achieved by the company through this process such as theyhave reduced long-term costs (Nind, 2011). There customers/ buyers range has increased.Moreover, it added value brand to Lewis. The service started by the company, collect+ hasreduced the number of customers. In contrast to this, they have certain disadvantages too. Therewere more professionals required for maintaining the business. Further, during the time offestivals there had been downtime in the websites. There were also expertise required which hadto maintain the site and sales.As mentioned in the article of Harvey (2013), major street business are getting loss intheir street business. According to her research, government was getting taxes from high streetbusiness which they were unable to receive now. Most of big retailers were shifting towards theonline store as there is very low tax further maintenance was more easy. Retail street firms haveto pay more than millions in terms of taxes. However, tax rate which was applied to the onlinestores were too low. To increase the sales and profit, Kingfisher chief has taken new step. Morethan 25% of stores were closed which would result in 25% less tax. They started their own onlinestore which is Screwfix, where major trade was done related to the tools and hardware. In1
Report on Online Shopping and The High Street Business in UK_3

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