The devastating impact of the internet on bricks and mortar

The devastating impact of the internet on bricks and mortar

Posted by Torben Rick | January 19, 2013 | Strategy

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

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.

Blowing brick and mortar down - UK High Street

 BranchesStaff
HMV2394.350
Blockbuster5284.190
Jessops1871.500

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 - The devastating impact of the internet

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, development and change management. International experience from management positions in Denmark, Germany and Switzerland.

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

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