High Street Shops Struggle Against Online Giants

A new ING report reveals a brutal reality for high street shops: one-fifth are closing, crushed by the unstoppable rise of online shopping. Electronics stores are hit hardest, with nearly half shutting down as half their sales now happen online. DIY and clothing shops also see steep drops. Smaller chains are most at risk, while big players scramble to adapt by expanding inventory. Online sales surged 21% over three years versus just 8% for physical stores—adjusted for inflation, shoppers are buying fewer items in person. Only essentials like drugstores hold steady, but most brick-and-mortar retailers are losing ground to digital giants. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/defa60ba6083d025