The impact of internet shopping Advantages of Disadvantage

The impact of internet shopping Advantages of Disadvantage shopping s of shopping online You can easily compare prices You need to be at home to receive parcels You can shop anytime day or night The item might get damaged in the post There are no crowds to deal with You can’t check the quality of some items You can often get discounts on prices How can High Street retailers compete with their online rivals ? High street retailers are finding it increasingly difficult to compete with their online counterparts. . This can include in-store advertising and monetising excess retail space. Subletting under-utilised retail space to third parties can increase footfall and spend from customers. Recent research reveals that over 70% of UK retailers use secondary revenue streams to boost profits. This can include in-store advertising and monetising excess retail space. Loss of social contact and the ‘ buzz’ of shopping with friends Retailers can tap into the loyalty of their existing customer base by with a peer-to-peer loan. Alongside access to growth finance, one of the main benefits of allowing your customers to participate in a debt raise is to consolidate relationships with your supporters. These advocates can help amplify the message of your physical retail business through word-of-mouth and social media. Accessing debt from the crowd can also drive increased revenues by raising awareness to new potential customers, as well as creating an opportunity to offer discounts and promotions to existing ones. Advantages of shopping on the high street Disadvantage s of shopping in the high street You can check the quality of the item before buiyng There will be crowd to deal with There is a sale adviser to help you with your purchase It might suddently rain You can go shopping with your friends The shop might be close when you need something Dont have to worry about banking and personal details The bags might get to heavy to carry

How does this help Amazon? Factor No storeswarehouses They dont have to worry about how much the werehouse is, how big it should be or where to build one. People from all over the world can shop on amazon which means they will have a lot of customers Internet based Open 24 hours a day 365 days a year They will have orders every second Pays its taxes in luxemburg It concluded that the tax arrangement allowed Amazon to shift profits from one subsidiary to another, allowing the company to reduce its European profits and thus its tax liability. “Luxembourg gave illegal tax benefits to Amazon. What might be the impact on the High Street being closed? Shops close. Shops are left vacant. Shops are vandalised People moving elsewhere because with all the vandalised buildings their area doesnt look good anymore Population slowly dropping. Amazon invests heavily in the UK – more than £ 18 bn since 2010 The company employs 29, 500 people across the country Amazon also invest in training and development programmes Positive impacts amazon has on the uk economy Amazon contributed a total of £ 793 m in UK tax in 2018