The media often use “high street” as a metaphor for the retail sector. The “high street” as a sector is struggling at the moment due to high rents, taxes, and online competition. High street stores deal in a wide variety of products and services. These stores are mainstream shops, banks, and so on that can be found on the streets in contrast to more specialized shops and services.
CHANGES HIGH STREET RETAILERS NEED TO MAKE
Paying attention to customer service
Online operations frustrate many customers. They prefer to use physical locations when they need help. Reforming your customer service will induce shoppers to visit your high street store more often. Many customers admit that helpful shop assistants encourage them to spend more time and money in the store.
More careful planning
Every square foot counts, local retailers need to reduce their size footprint. They should carry fewer products, replace or rotate under-performing products SKUs.
Specialization in a niche product
Niche retailers will need to offer something unique to beat online retailers. It could be locally based, exotic, or gourmet products. Large companies will not be able to provide the experience of providing a homemade feeling that small high street stores offer.
High street distributors’ directory:
They offer essential and iconic fashion items for women, men, and kids. It is currently an online-only retailer but a former brick-and-mortar store operator in Los Angeles.
You get great styles for great prices at Gap Factory. It is a San Francisco-based retailer of garments with the banana republic, Old Navy, and Athleta brands as its subsidiaries.
This is a scholastically-styled brand that is not afraid to experiment with colors. The brand is a little pricey, but it’s worth it as there is no better brand on this side of the street for classic, gorgeous clothes and shoes. Their women attires like pencil skirts, and ballet pumps are the lady’s favorite, and guys absolutely love their perfect skinny suits.
They offer the best pet supplies. Petsmart is an American retail chain operating in the United States and Canada. They sell specialty pet animal products such as food, furniture, accessories, and provide pet-related services.
Sephora is a French multinational chain of personal care and beauty stories featuring nearly 3000 brands. Sephora is a beauty empire that built from scratch. The company continues to flourish and survive the merciless retail climate that has led to the closure of many retail stores. This empire keeps expanding across the globe and has many high street stores.
It is a privately held restaurant franchise that sells submarine sandwiches and salads. With over 41,512 locations in more than 100 countries, Subway is one of the fastest-growing franchises in the world.