The Impact of High Street Shop Closures on the Economy and Society

This essay examines the impact of high street shop closures on the economy and society, arguing that they have a negative effect. The essay discusses the rise in unemployment, the decline in economic growth, and the reduction in consumer income. It also explores potential solutions, such as providing financial aid, reducing tax rates, and increasing promotion and advertising. The essay concludes by emphasizing the negative consequences of shop closures and the need for intervention to support the retail sector and the broader economy. The essay also references academic sources to support its arguments and recommendations. The essay provides a detailed analysis of the problem and offers possible solutions. The essay explores the challenges faced by high street shops, the impact on society, and the role of the government in supporting the retail sector.

‘To what extent is shops closing on the high street a positive or negative development
for society and what can be done about this issue?’
Introduction Retail sector is expanding rapidly. There are many new brands
emerging in market.
Background
Firstly I will describe about impact of closing of shop in high street
is positive or negative sign. Secondly I will discuss ways to resolve
this issue.
Thesis statement
This essay will argue that closing of high street shops is negative
development for society.
Body
a. TOPIC SENTENCE
Shops closing in the high street is positive for society / negative
for society
Supporting idea 1
It can be said that there are many high street shops which are
getting closed in society (Hubbard 2017). It is because of covid
19 pandemic that has created an adverse impact on shops
revenue and profits. Due to it they are not able to operate for
long term. Thus, they are getting closed due to it.
Supporting idea 2
The closing of shops is a negative development for society as it
has led to decrease in overall economic growth of society. This is
because closing of shops has resulted in rise in unemployment.
There are large number of jobs being lost. Besides that, it has
impacted on lifestyle of society as their needs are not fulfilled.
The source of income has declined.
Supporting idea 3
It is stated that there is negative development for society as there
will be decline in overall economic growth. Hence, society growth
will be impacted as well. Besides that, there will be lack of growth
opportunities for people to get employed. This will led to crisis in
it which bring in radical changes in society. It can also result in
starting era of recession for society.
b. TOPIC SENTENCE
What should be done about shops closing in the high street
Supporting idea 1
The first thing that can be done is to provide financial aid to high
street shops so that they does not get closed. Also, it will enable
them to sustain in market for long term. For that banks and
financial agency can provide them loan at low interest rate.
Supporting idea 2
Another things is that tax rate can be reduced on street shops so
they are able to remain operate in market for long time. This will
also be useful in not closing down of shops (Laniyonu 2018). On
contrary government should rise tax on online and e commerce. It
will led to creating positive impact on street shops and enhance
economic development of society.
Supporting idea 3
The street shops should do more promotion and advertising to
attract more customers. It will result in rise in profit and revenue
by which sales of shops will increase. Besides, with more
promotion they can sustain in market for long time. In addition,

government should also support by providing financial aid to
them. Therefore, it will boost economic development in society.
Conclusion
To conclude closing of retail shops in high street is creating
negative impact on society. It has led to rise in unemployment,
etc. Also, there is negative development for society as source of
income has reduced. The economic growth of society has reduced
as well.

REFERENCES
Books & Journals
Hubbard, P., 2017. The battle for the high street: Retail gentrification, class and
disgust. Springer.
Laniyonu, A., 2018. Coffee shops and street stops: Policing practices in gentrifying
neighborhoods. Urban Affairs Review, 54(5), pp.898-930.