freestickyadsOne in five shops could close by 2018! 29th May 2013 7:00 PM
What's worse is that it's not just the local independent shops that are suffering - they have all but gone - it's the large high street retailers who are also being hit by the mega supermarkets.
The likes of Argos and Boots are leaving the town centres as well - which is bad for competition.
Tesco et al come into an area and simply hoover up all the trade - they are not interested in the local economy - with less than 10% of their turn over going back into the local area - mostly via the staff salaries.
Online shopping is having an impact - but with 97% of the UK food market being controlled by supermarkets - and 78% of that being with just 4 brands.
The supermarkets are stocking an ever increasing range of products at knockdown prices. Making themselves a one-stop shop for consumers.
The likes of Argos and Boots are leaving the town centres as well - which is bad for competition.
Tesco et al come into an area and simply hoover up all the trade - they are not interested in the local economy - with less than 10% of their turn over going back into the local area - mostly via the staff salaries.
Online shopping is having an impact - but with 97% of the UK food market being controlled by supermarkets - and 78% of that being with just 4 brands.
The supermarkets are stocking an ever increasing range of products at knockdown prices. Making themselves a one-stop shop for consumers.
