tripleseis
Member
- Joined
- 7 Sep 2008
- Messages
- 203
More affluent areas now have High Streets with local butchers, bakers, cafes, boutiques etc. It seems localism is arising because they areas are more politically motivated to stop chain stores taking over. In the future I can see these local food businesses (like a butchers) adapting an online model of ordering food and then being able to collect it say the next day. Considering the latest food scandal (it's not just Tesco), I can really see people becoming more fed up and returning to the local butcher who knows where his produce comes from.Primark is incredibly popular and I expect they'll move in to take over the larger HMV stores. The only problem for a fashion retailer is going out of fashion itself (suddenly becoming uncool, for example).
But, the company seems to have been doing well for many years now.
The more expensive clothes shops and 'boutiques' are probably still doing quite well in certain locations, as we have to remember that despite a lot of people cutting back there are still an awful lot of people who are doing very well for themselves (possibly even better in the recession, having used it as an excuse to pay employees less etc) and are still spending huge sums of money.
Ditto around the world, hence news today that the UK car industry is seeing a boom - presumably as more luxury cars are being sold to the new rich people being created on a daily basis.
The UK car industry is being helped by rich Chinese buying British luxury brands like Jaguar, Land Rovers and Range Rovers.