What companies are bringing business 'back' to the high street?
Hey all,
I see a lot of fear from local businesses that the traditional high street is dying. In the UK, rent prices for commercial units in a lot of towns are extortionate and businesses struggle to survive, which is why so many units are left vacant.
We are seeing more non-traditional, quirky business take over these units (e.g. Cereal Killers cafe in Shoreditch) that attract millennials and seem to stay afloat, but are there any startups creating products to drive users to the high street?
Tony - the latest email from Angel List may be of interest - https://angel.co/newsletters/brick-and-mortar-is-just-getting-started-092018
Thanks mate, I did see that email too. Appreciate the link!
Amazon are moving onto the high street and Jeff Bezos still refers to them as a startup haha. Arguably WeWork are a startup on the high street (at a stretch), at least in so far as they are a startup that relies on a commercial and publicly accessible space.
The future high street will be for the things you can't get at home or delivered (or don't want to) e.g. hairdressers and cafes, or more novel things like escape rooms and art installations.
Check out the recent Tuft & Needle podcast - https://www.indiehackers.com/podcast/061-jt-marino-of-tuft-&-needle
The mattress company started out online, tested with a physical store and now have 5+ stores and looking for more.
Thanks for the link! Think my question wording was wrong as I was referring to startups that help high street businesses succeed rather than new businesses that are opening high street stores. Interesting listen though, I love T&N!