Economic and Social Implications of High Street Shop Closures

This assignment presents an essay that delves into the complex issue of high street shop closures, examining their impact on society and the economy. The essay begins by highlighting the negative consequences of these closures, such as job losses and the decline of town centers, emphasizing the role of high streets as vital social and economic hubs. It explores the challenges faced by traditional retail, including the rise of e-commerce and the need for local councils and businesses to adapt. The essay also touches upon the broader societal impacts, including the potential for negative consequences on businesses and the need for government intervention to mitigate these effects. The provided references support the analysis, offering insights into the economic factors and the implications of these closures, including the need for action to address the challenges. The essay provides a foundation for further research and analysis of the topic.

Your task is to start the first 200-word
paragraph for your EAP essay. Work on
the section 'are high streets shop closures
positive or negative for

Table of Contents
TASK...............................................................................................................................................1
Are high streets shop closures positive or negative for society?............................................1
REFERENCES................................................................................................................................2

TASK
Are high streets shop closures positive or negative for society?
Closure of the high street shop can have the lasting and widespread impact on society.
Closure of the high street shops develops negative impact on the society as well as on overall
economic development. High street is complex social spatial entity that is facing the specific
issues to viability in context to cultural as well as economic changes in society (Cavan, 2016).
Perhaps obvious impact of closure of high street shops is one revenue as well as profitability of
the retailers. Shop closure reflects crisis on high street that has cost tens of the thousand jobs.
The high streets have been heart of UK town, there appears to be fundamental requirement for
the local councils and business firm to adapt to radical changes which impacting retail sector.
This helps in preserve financial and also high street viability. E- commerce tax legislations are
adopted and municipalities will be continuing to face the financial issues and close of more high
street shops. On the other hand, while attention is mainly focused on impact on finances of
company, closure of the high street shops can set off the negative impact on business which
come at cost to the society (Jones and Livingstone, 2018). It is necessary for government to take
the appropriate actions to reduce the closure of high street shops and enhance economic
development.

REFERENCES
Books & Journals
Cavan, D. R., 2016. Analyzing Retail Store Closures. Appraisal Journal, 84(4).
Jones, C. and Livingstone, N., 2018. The ‘online high street’or the high street online? The
implications for the urban retail hierarchy. The International Review of Retail,
Distribution and Consumer Research. 28(1). pp.47-63.
Online
Retailers call for action as high street store closures soar. 2021. [Online]. Available through:
<https://www.theguardian.com/business/2019/sep/11/retailers-call-for-action-as-high-
street-store-closures-soar>.

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