The Impact of Online Shopping and Consumer Behavior on UK High Street
VerifiedAdded on 2023/06/11
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Presentation
AI Summary
This presentation explores the impact of online shopping on the UK High Street, highlighting the challenges faced by traditional retailers due to the rise of e-commerce. It discusses changing consumer behavior, including a preference for experiences and increased online purchasing. Several factors contributing to the decline of the High Street are examined, with a focus on the impact of the Covid-19 pandemic. The presentation emphasizes the importance of an omnichannel approach for the future of retail, suggesting that High Street retailers can capitalize on a hybrid model by using data wisely, ensuring brand ownership, and fostering collaboration. Ultimately, the presentation concludes that while online shopping has significantly disrupted the UK High Street, an omnichannel strategy offers a potential path forward.
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