Woolworths, Comet and Jessops have fallen and now another well-known high street name, HMV, is under serious threat.
One of the biggest names in retail, the once-powerful record chain is on its knees.
There is no doubt His Master’s Voice’s low pricing and extensive range is to blame for us losing many independent record shops like Domino Records, but others have now caught up.
Slowly, HMV’s business has been eroded by expanding supermarkets and, of course, the internet.
With the advent of the MP3 player, the record store is now always open and in your lounge.
Who would have thought at the turn of the century that you could hear a song on the radio or TV, ‘shazam’ it and download straight away?
Although I do have a great deal of affection for the high street, sadly it’s a thing of the past.
With traffic congestion and high parking prices, we are simply fed up with the hassle.
The convenience of online shopping is unrivalled.
Supermarkets have also helped in the demise of the specialist store like HMV. In 10 years, the size of supermarkets has doubled, yet the amount of space dedicated to food has stayed largely the same.
The big four all sell clothes, electrical items, Top 40 CDs, movies, magazines and cards. It’s no surprise Game and Clintons have also declined.
So what of the high street? In a decade’s time, will it be just a mix of charity and coffee shops? The future is online, or so it seems.
But I feel it’s not all doom and gloom. We will always love to browse, touch, feel and ask questions. Have you bought clothes via the internet, only for the items to not be quite what you thought? What a hassle sending them back is.
So maybe in time things will turn full circle. Eventually we will miss the interaction of a trip to the shops.
But for the moment, it’s a case of the survival of the fittest.
John Lewis reportedly had a fantastic 2012 and is surely an example to all retailers of what needs to be done to keep customers happy.