Many high street shops have gone out of business in recent years. Why do you think this has happened? Is it a positive or negative development?

It is true that digital revolution has fundamentally changed the way that people behave including purchasing habits. Nowadays, there is a great deal of brick and mortar retailers that have gradually been no longer playing a vital role in the economy. While, it is

might c

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may

ontribute some positive thing to consumers, I believe that

this

trend

would lead to some negative results.

Initially

, there are two main reasons that might explain why many high street shops have recently gone out of business.

Firstly

, applying technology to consumerism that have re-sh

arped t

shaped to fit by or as if by altering the contours of a pliable mass (as by work or effort)

shaped

otally the market and customer’s be

haviors.

manner of acting or controlling yourself

behaviour

The various of technological breakthrough and the internet that have urged de

velopment o

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the development

f e-commerce in which have complex we

b-sites d

a computer connected to the internet that maintains a series of web pages on the World Wide Web

websites

website

esigned by approaches which are reliant on practical customer journeys.

Besides

, in the light of the population explosion, the increasing space using for accommodation ha

ve had t

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has had

o widen that take the place of area of street shops. In Hanoi city,

for example

, the shop houses located in

fi

rst floor o

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the first floor

f bl

ock o

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a block

f flats ha

s replaced g

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have replaced

radually by residential zones.

This

trend

ha

ve created p

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has created

ositive ch

angings but

Accept comma addition

changing, but

changing but

also

have had adverse impacts on society as a whole. Obviously, the shift to online shopping has helped the customers be mo

re easily t

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more easy

o choose and buy anything they want, which

also

have allowed both big brands and small and medium enterprises launching a several of promotion campaigns on social platforms

such

as fa

cebook,

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Facebook

ig

,

…

w

Accept space

…

hich are not required too much resources.

However

, there are some drawbacks because of

this

trend

. Vietnam’s market has exemplified

this

notion. According to research of National Trading Ministry, 50% local employees who have been working in the retail sector lost their job that ha

ve s

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has

i

gnificant influence t

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a significant influence

o

r

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of

i

sing unemployment rate i

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rising unemployment rates

the rising unemployment rate

n Vietnam. In conclusion, there ar

e a

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is

plethora of justified reasons which might demonstrate the phenomenon of disappearance of high street shops.

This

trend

is both positive and negative.