Cash Killers: Death of the High-Street.

Topics: Retailing, Online shopping, Electronic commerce Pages: 3 (923 words) Published: February 27, 2008
Cash killers: Death of the High-Street.

Since the introduction of the internet in the early nineties (Leiner et al 2003) it has shown phenomenal growth. This is especially true of the past four years with a 23% increase in home internet access (wallis 2006). This huge increase has been fuelled by cheaper prices by both providers and hardware (as described by Moores Law) as well as higher computer literacy levels since the government introduction standardised testing in to schools and subsequently the curriculum. As the number of internet users increase so does the services available to them. The most popular means of use are leisure, information search and shopping (as described by blur) and as can be shown on graph x ‘ increase in online retail? This research will go on to analysise the impact of online retail, or e-commerce as its better known. As the number of internet users increase so does the services available to them, as seen with the adoption of ‘bricks and clicks' online presence of many high-street companies and even many choosing a separate online only identity for example Dixons., consumer now has the power, purchasing from companies direct from abroad)

Impact of e-commerce

e-commerce is defined by Ambrow (2005) as ‘Electronic Commerce, allowing customers to purchase items and conduct financial transactions over the Internet safely and securely.' ( E-commerce as discussed above, has and is still, showing tremondous growth. This is reflected in the 76% increase in online spending in 2007 compared to 2006. Malvern (2007) goes on to suggest that 63% of shoppers now buy the majority of their Christmas gifts online. It is this mass appeal and the £55bn it attracts each year (WHO?) that offers an explanation to why e-commerce is such a highly attractive opportunity and therefore explains the fierce competition the market sustains....
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