Online shopping major threat to Guernsey retail
Wednesday 16th January 2013, 8:30AM GMT.
ONLINE shopping has been labelled one of the major threats to Guernsey’s retail industry following the announcement that HMV was calling in administrators.
This is the verdict of Guernsey’s Chamber of Commerce as it reacted to the news that the iconic entertainment chain was the latest high street victim, putting more than 4,000 jobs at risk in the UK and Republic of Ireland.
Others in the local retail industry also warned that failing national chains could leave gaping holes in Guernsey.
Chamber of Commerce president Rupert Dorey said its recent retail survey had shown that online shopping was a threat to businesses in the island.
Creasey’s managing director Tony Creasey said that landlords in the past had perhaps preferred national chains to independent stores in the belief they were stronger businesses.