Multi-channel retail: the technology that could save the high street

Town centres have been losing out to retail parks for years. But a move towards smart IT could revive city centre retailing.

Inside the Enterprise: The decline of the high street is not a new phenomenon. The growth of out of town retailing - a process that's been ongoing since the 1980s - combined with the recent economic downturn has left some high streets in a desperate state.

Technology, for once, is not the villain of the piece; it could even be part of the high street's rescue plan.

Even where town centres are doing better, experts talk of a "hollowing out", with the centre of towns dominated by nail bars, coffee shops and charity stores on short-term leases, while the brand-name retailers focus on larger, more profitable sites on the edge of town.

Some retailers, and some town councillors, have been quick to blame the internet for contributing to their woes. Online retailers, especially Amazon, have edged out shops in some markets, especially books and music. In high-cost retail environments, where margins can be slender, online only operations can offer discounts and convenience in one package.

Advertisement - Article continues below

But technology, for once, is not the villain of the piece; it could even be part of the high street's rescue plan.

According to a recent report by management consultants at Deloitte, combining technology with physical retailing the so-called "omnichannel" strategy could yet revive high street locations.

The idea behind omnichannel retailing is simple enough, even if it is not simple to carry out. By combining websites and increasingly, apps with physical stores and smart supply chains and logistics, customers can visit a store to order goods for home delivery or order online to pick up later from a shop: "click and collect" services.

Featured Resources

Application security fallacies and realities

Web application attacks are the most common vulnerability, so what is the truth about application security?

Download now

Your first step researching Managed File Transfer

Advice and expertise on researching the right MFT solution for your business

Download now

The KPIs you should be measuring

How MSPs can measure performance and evaluate their relationships with clients

Download now

Life in the digital workspace

A guide to technology and the changing concept of workspace

Download now

Most Popular

operating systems

17 Windows 10 problems - and how to fix them

4 Nov 2019
Business strategy

The pros and cons of net neutrality

4 Nov 2019
Domain Name System (DNS)

Microsoft embraces DNS over HTTPS to secure the web

19 Nov 2019
social media

Can Wikipedia founder's social network really challenge Facebook?

19 Nov 2019