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The devastating impact of the internet on bricks and mortar

DVD rental firm Blockbuster has become the latest UK High Street firm to go into administration after struggling against online competitors. The first Blockbuster store in the UK opened in south London in 1989 – the chain has 528 stores and employs 4,190 staff.

The chain’s collapse, which puts 4,190 jobs at risk, follows that of music retailer HMV and will be seen as yet another sign of the devastating impact of the internet on bricks and mortar retailers.

Branches Staff
HMV 239 4.350
Blockbuster 528 4.190
Jessops 187 1.500

 

The rising popularity of internet film rental services like iTunes and Lovefilm have taken their toll on Blockbuster’s 528 high street video rental stores.

 

Blockbuster Disruptive Change

 

Blockbuster’s problems were all too similar to those hitting other retailers – failure to adapt quickly enough to a changing business environment and consumer habits.

Many business leaders face a challenge to keep their companies competitive amid constant turbulence and disruption. What is next? Will it be traditional television?

Can anything stop the internet from huffing and puffing and blowing brick and mortar down?

 

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About the author
Torben Rick

Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement and development and change management. International experience from management positions in Denmark, Germany and Switzerland

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About the author
Torben Rick

Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement and development and change management. International experience from management positions in Denmark, Germany and Switzerland

View full profile

One comment on “The devastating impact of the internet on bricks and mortar

January 21, 2013 8:24 pm

Michael Zroback

Makes me wonder what took them so long to see the obvious.

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