WEEKLY COMMENT 17-01-2013
By Barry Edwards
The news that HMV and Blockbuster have called in the administrators are the latest casualties in the UK high street that is a direct result of the gradual shift by many consumers buying product on line. Other companies selling electrical and photographic merchandise have met the same problems clearly demonstrating that this trend is gaining momentum.
Recent statistics for the Christmas period show that 20% of all purchases were made over the Internet which must surely be a trend that will only increase. In reality there has to be some kind of level where the equilibrium between the Internet and the high street will settle and in my view this is likely to be around 40-50% of all purchases.