Pete Doyle

Can Social Media Save the High Street?

Can Social Media Save the High Street?

All the indications are that, without urgent action, the UK High Street could turn into a boarded-up ghost-town. In 2011, an estimated twenty shops closed every day, leaving one in seven UK stores empty. Retail guru Retail guru Mary Portas recently found that the proportion of High Street retail spend had dropped to 42%. And the latest Government report, Understanding High Street Performance (2.1Mb PDF), paints a similar picture of town centres in terminal decline, with a third of High Streets either “degenerating or failing”. An array of solutions are being touted, from a £10 million High Street Innovation Fund, to a moratorium on out-of-town shopping centres, and a “National Market Day”. Yet many retailers fear the rise of the internet could finish off the UK High Street; online retail s... »