The Centre for Retail Research is warning that UK High Streets could see 20% of their shops close down within five years.
I believe the whole economy around the high street and consumerism needs to adapt to survive. Key issues that come up repeatedly such as the restrictions to visitors to high streets through high car park fees that ensure consumers spend as little time as possible in the high street, online businesses selling the same products as high street retailers but at a fraction of the operating costs and the inflexibility of landlords to work with small retailers when cash flows and revenues are declining all need to be addressed urgently, not in a few years time.
At Melody Pods we see ourselves as being a very flexible business for high street businesses. We don’t insist on fixed king term agreements, you can stay a month and go, but you are always welcome to return with no penalties as we will be happy to see you again.
Our prices are also a fraction of our incumbent competition so we don’t aim to maximise our prices to match what we believe to be bloated prices that only makes enough money to afford very high fat cat salaries.