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High Street shops close as bigger brands and online shopping takes over

By Courtney Cameron

Shops all over Glasgow are continuing to close at an alarming rate as bigger retail brands and online shopping takes over.

Retail analysts have confirmed that almost one shop closed per day across Scotland last year and this trend is expected to continue throughout 2013.

Glasgow has experienced the most closures as they lost 113 stores whilst Aberdeen had the least.

Research from the Local Data Company and PricewaterhouseCoopers (PwC) confirmed that reasons for shop closures vary but the main cause being smaller companies struggling in the current economic climate and bigger stores are taking over.

Christine Cross, chief retail adviser to PwC said: “Although the figures are more disappointing than many had hoped, we have to acknowledge that several of the companies with closures had anticipated these for some time.”

Retail professionals believe that a customers shopping experience has a great deal to do with what stores they will choose to shop in.

Some larger stores have embraced the idea of a friendly shopping experience than others according to research professionals.

Despite a large amount of people from high street stores losing their jobs, new opportunities are expected to arise through online enterprises.

Cally Russell, founder and CEO of Mallzee, a shopping website that attempts to combine online shopping with the social aspect of the high street said: “It’s never nice to hear people losing their jobs and especially at this time of year.

“I think there are fantastic opportunities for people in online retail though and I think the high street will reinvent itself and create new job opportunities. ”

 

People shopping on Buchanan Street, Glasgow

 

 

 

 

 

 

 

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