There’s a lot of unseen forces that we don’t know about making it harder for the high street; stuff like the internet shopping boom is just part of it.
For instance, most high street premises are now owned by big banks and property management companies, who have a duty to return value to their business owners/shareholders; in the UK this is regarded as meaning that leasing a property to a non-chain organisation (like a non-profit) is bad, because they don’t have the legs to keep going. And when/if they stop trading they will also have debts, so it’s now generally harder to rent a shop premises if your name isn’t ‘topshop’ or whatever.
Although that rationale doesn't seem so strong when recent history is littered with established retailers either going bust or being bought in distress by venture capitalists / Mike Ashley whose main MO is to screw landlords and creditors.
There’s a lot of unseen forces that we don’t know about making it harder for the high street; stuff like the internet shopping boom is just part of it.
For instance, most high street premises are now owned by big banks and property management companies, who have a duty to return value to their business owners/shareholders; in the UK this is regarded as meaning that leasing a property to a non-chain organisation (like a non-profit) is bad, because they don’t have the legs to keep going. And when/if they stop trading they will also have debts, so it’s now generally harder to rent a shop premises if your name isn’t ‘topshop’ or whatever.