PRESS RELEASE: MARCH 21ST 2016
The future of retailing in the UK came under the spotlight at the latest British-Israel Chamber of Commerce North West lunch in Manchester.
Dr Clive Black, a director and head of research at investment group Shore Capital Markets, gave an insight into how Britons will shop in years to come.
The Liverpool-based expert said he expects online retailers to open stores on the high street as showcases for their products.
He said retailers will have to more widely embrace social media and technology as young people change the way they shop.
And Dr Black predicted the growth of a home delivery industry along the lines of the Uber system for taxis.
“There’s enormous dynamism and change in retailing. The internet is empowering consumers and entrepreneurs,” he added.
He said Israeli technology is playing a part in the changing retail landscape, adding that Britain’s town and city centres still have a future despite the impact of online shopping, although the character of high streets will undergo huge change.
Dr Black was introduced by BICC-NW committee member Andy Pearson, and the vote of thanks was given by Doreen Gerson, executive director of the Israel Information Centre in Manchester.
Joy Wolfe chaired the event, which was held at Manchester Hall in the city centre.
Notes to editors
The attached photograph shows, from left to right, Andy Pearson, Joy Wolfe, Dr Clive Black, Doreen Gerson, BICC-NW president Nigel Alliance and BICC-NW executive director Gideon Klaus.
For more information on this story, contact Gideon Klaus on 0161 929 8916 or via firstname.lastname@example.org
Visit www.bicc-nw.org for more information on the British-Israel Chamber of Commerce North West.