In the News
Amazon opens a guerrilla shop
20th November 2017
Has the past week seen a seismic shift in the UK's shopping habits: Amazon are opening a 'guerrilla shop' in London to cope with the increased demand for Christmas goodies on Black Friday, and online retailer, Asos, overtook Marks & Spencer in terms of market value.
The article quotes Matthew Hopkinson, director at retail consultancy Local Data Company, who says “Around 10% of the UK retail stock is surplus to requirements, which equates to about 50,000 stores.”
That is significant - in a sector which is already losing jobs. The question is, how will the High Street react - apart from seeing more cafes, charity shops and pound stores perhaps?
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