“ ” Why do you think retail outlets were closing so rapidly in 2012? Also what is ‘Non-store retailing’? Discuss?
High street transformed by soaring retail outlets closures Watch the two below videos; Watch the two below videos; http://www.bbc.co.uk/news/business-21624241 (2mins 20 sec) http://www.bbc.co.uk/news/business-21624241 http://www.bbc.co.uk/news/business-22686246 (2mins) http://www.bbc.co.uk/news/business-22686246 Why have retail outlet closures increased in the last 5 years? Discuss
High Street retailers: Who has been hit hardest?
Percentage decrease Computer Games -45% Health food -24.7% Card shops -23.4% Recruitment -15.1% General clothes -8.7% Women's clothes -7.2% Banks/financial -2.9% Net change in units in 2012. Source: Local Data Company
Retail “Retail involves a business or person that sells goods to the consumer. A wholesaler sells to a business.” Types of store Physical Online (eRetailing) Online (eRetailing)
Non-store retailing Non-store retailing is the selling of goods and services outside the confines of a retail facility. It is a generic term describing retailing taking place outside of shops and stores (that is, off the premises of fixed retail locations and of markets stands).retailing
Against the clock You have 5 minutes in groups (against the sand timer!) to list: Describe non-store retailing What are the advantages and disadvantages to the consumer of non-store retailing? Now feedback to the class
What advantage do these originations have over their competitors?
Shopping List Then consider all the stores that have recently opened and closed in your local high street. Then consider when you last purchased something online. What did you buy? Make a list out of all the products you have purchased in the last month. Where did you buy them?
Task- P4 Describe how two retail businesses operating in different sub-sectors make use of non- outlet retailing. (P4)