In the News

Amazon opens a guerrilla shop

Graham Watson

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?

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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