Dixons Pushed off the High Street

Wow.

'The internet’s impact on traditional retailing reached new heights on Wednesday when Dixons announced it was abandoning the high street brand to concentrate on being an e-tailer.'

With just 3% of the groups revenues coming from online sales, this is a bold move but just shows how the internet is affecting retailing.

John Coleman, CEO of House of Fraser, once said to me that the internet wouldn't really affect the high street but that if it ever reached 5% of total sales then it would have a massive impact everywhere. Wrong, then right.