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    It seems like every retailers are cutting staff or going under. Is it due to brexit?.?
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    My bf into economics keeps going on about how i'll lose my job at tesco as amazon deliveries will inevitably take over. He thinks brexits a good idea though and despite damage in the short term, we'd bounce back better. Thats just his view though
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    everything bad is due to brexit. butter costs two quid now
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    I think it’s most down to technology nowadays, fewer jobs are required due to automated systems.
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    Staff losing their jobs from a retail sector is because those specific stores are just not compatibility with 2018 consumers.

    Who goes to Toys R Us to buy toys?
    Who goes to HMV to buy DVDs?
    Who goes to BHS to buy a cardigan?

    = No one, anymore,

    Changing consumer tastes and habits are shifting online hence they’re hurt. BUT in the short to medium term there are certain solid sectors within retail that aren’t bucking this trend (we still do food shops right?) so it really depends on the company and sector.
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    I would say the biggest challenge to retail stores is online shopping. Most products you can find online for cheaper plus they deliver to you, so you don't even need to go out. However, for some people, they like the idea of going into a physical and store and looking/trying the products. Some shops they do special offers in-store or special experiences to tempt you into going in-store and maybe buying something. One example is beauty counters. You can't try things over the Internet, but if you go into a shop, they will let you try testers and samples, or give you a makeover.
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    Community Assistant
    (Original post by richard10012)
    It seems like every retailers are cutting staff or going under. Is it due to brexit?.?
    You can't always blame Brexit every time a business closes their doors...
    There are other lying factors. In this case, retailers are struggling because of the constant use of online shopping.
    Not everyone has the time to physically go out to the shops and buy things anymore so they just simply go on the internet.

    For example in the past, you haven't seen BlockBusters for a long time because most people have gradually signed up to online streaming services and subscriptions which meant videos and DVD's went into decline.

    Also you haven't seen many of your local national banks - well they closed down because most people now use...yes you've guessed it; online banking. In conclusion the internet has actually taken over most things of what we do in our lives.
 
 
 
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