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Smalls shops thing of the past?

By FashionUnited

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Fashion

Small shops could be but a memory by 2015, according to a report by the All-Party Small Shops Group in Westminster. The reports states that the livelihood of small shops is being threatened by increased competition from supermarket chains and 2000 small shops are disappearing per year. For a market that counts 278,630 shops, this is an alarming number.

The £120 billion grocery market is dominated by Tesco, Asda, Sainsbury's and Morrison who compete amongst themselves by bringing down prices, which presents a danger to small shops. According to the report, convenience stores, newsagents, off licenses and specialist retailers are most likely to fall prey to the conglomerates.

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