Traditional high street businesses lose out to coffee shops and nail bars

Source: http://www.guardian.co.uk/business/2011/jun/16/traditional-high-street-businesses-lose-out

Summary

A study done by insurer Simply Business shows that the face of the average high street is changing. Competition between larger chains of supermarkets and smaller stores such as butchers and newsagents, and the rise in coffee shops and beauticians are the main causes for the changes. The government has issued a review be made on the future state of the high street. Based on the results of this review the government will try to find a way to help high streets flourish and keep the stores and shops diverse.

Response

Personally I think it’s a good initiative from the government to try and see how they can keep the high streets from being dominated by only larger chains of stores and beauticians and turning monotone. The phenomenon of private owned stores being overrun by competition of supermarkets is not just something that can be seen in the UK, but something that is happening all over the world. The British government is not the first to take action in preserving the face of their high streets and will hopefully not be the last.