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| Supermarkets Have Decimated Town Centre Businesses! |
| I think Supermarkets have decimated town centres. While the rest of the retail industry bleeds, Supermarkets are reporting bumper profits. The closure of Woolies is a prime example of how Supermarkets are changing the face of our town centres. And, the credit crunch is shedding light on how they are squeezing small businesses out of the market. |
 joe9  13 Jan 2009 12:32
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They have put endless small shops out of business, but this is not a recent thing, it's been
happening since the first supermarkets opened. There's a book I read called, I think, 'Tescopoly",
which fills you in on the more unpleasant business practices of a giant like Tesco and how they are
not anything like the image they like to project. |
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They are indeed but they are not alone. Internet now accounts for 17% of money spent on goods.
Things have always changed and new businesses step in where others are failing. Woolies shut
because they failed to move with the times. John Lewis managed to turn a tidy profit this year, and
there are other success stories, Amazon are doing pretty well.
Don't get me wrong I don't like what is happening, I prefer to see high streets busy with a variety
of small independent businesses and not looking like carbon copies of each other full of pound
stores, but what can you do. I try and support small and local business but I still spend most of
my money in the supermarkets because they are cheaper. |
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I agree, there is nothing woollies were seeling the Supermarkets don't.
I suspect they buy up land in different trading names to prevent others from doing business too.
What ever happened to the monopolies commission?;-/) |
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