Day Headlines in Shopping news: 2013-07-11

  • Shopping: The emporium strikes back (The Economist Online Shopping 2013-07-11 14:58:10)
    Print sectionUK Only Article: standard articleIssue: Has the Arab spring failed?Fly Title: ShoppingMain image: 20130713_FBD001_0.jpg“THE staff at Jessops would like to thank you for shopping with Amazon.” With that parting shot plastered to the front door of one of its shops, a company that had been selling cameras in Britain for 78 years shut down in January. The bitter note sums up the mood of many who work on high streets and in shopping centres (malls) across Europe and America. As sales migrate to Amazon and other online vendors, shop after shop is closing down, chain after chain is cutting back. Borders, a chain of American bookshops, is gone. So is Comet, a British white-goods and electronics retailer. Virgin Megastores have vanished from France, Tower Records from America. In just two weeks in June and July, five retail chains with a total turnover of £600m ($900m) failed in Britain.Watching the destruction, it is tempting to conclude that shops are to shopping what typewriters are to writing: an old technology doomed by a better successor. ...