We recently announced that we have partnered with an organisation called “Save the High Street”. This movement encompasses all industries and has a very simple remit. We’re pleased to let you know that the MIA’s Paul McManus is now on the advisory panel for this organisation.
We don’t need to tell you that this is the most transformational period in the history of high streets. ‘The death of the high street’ represents a world of boarded up ghost towns, residential-only developments or lookalike chains where human interaction is minimal and most local entrepreneurship dies.
It is also far from inevitable and we are making a stand against it. That is why SaveTheHighStreet.org exists and the more of us who join, the stronger we all become.
Please do contact us regarding any of the above and we will continue to support you in every way we can to keep our music shops serving the music makers of the UK.
High Street Manifesto 2018 is a declaration of our intent to ensure high street success, now and for the long term. It has been co-created by partners across SaveTheHighStreet.org, it communicates our vision of the future high street and it explains how we can achieve it together.
Why does the high street matter?
The success or failure of the high street affects us all…
- The livelihoods of 100,000+ local business owners
- The largest private sector employer in the UK
- The heartbeat of our local communities
- The fuel that powers the local economy
- The reason we want to live in some places and not others
- The customer for a wide variety of related industries
- The place where people interact in the real world
What is the successful future high street?
The future depends on how we act now.
If we can create and safeguard the conditions for success on the high street; a stronger, better connected, digitally enabled future high street will emerge.
If we work together and with conviction, we can live into a world where the high street economy thrives for generations to come.
- This is a world where local high street businesses focus less on struggling to survive and more on investing to grow.
- A world where the journey to a significant majority of all consumer spend is ‘online and local’, not ‘online or local’.
- A world where local businesses are online and more online businesses are local.
- A world where technological innovation acts as an enabler for the high street not just a force for disruption.
- A world where every local high street business has a clear plan and the skills, tools and support to execute it.
- A world where the best opportunities are democratised; available and affordable across the market.
- A world where those who aim to help their local high street community are empowered to do so in a co-ordinated and meaningful way.
- A world where high streets are clearly defined destination brands with curated, nurtured experiences.
- A world where the high street place-maker and the businesses on it use data to measure, understand and optimise their performance and plans.
- A world where our consumer needs are more often fulfilled locally, in turn reducing our carbon footprints.
- A world where the media narrative about ‘the death of the high street’, died long ago.
- A world where businesses of all shapes and sizes operate on a level playing field.
- A world where together we make a co-ordinated stand to create and safeguard the conditions for success on the high street.
This is a world we can live into if we act now.
How can we save the high street together?
Each high street contains local businesses that can be empowered to succeed.
These businesses need to be able to make more money than they spend over time. It’s that simple.
Empowering the market to build sustainable business models on the high street requires us to address the drivers of costs and revenues.
Many of our partners in both public and private sector will continue to focus on what can be done to ensure a level playing field in terms of cost structure. Costs ranging from tax to property, people to product and more. We will support any positive and pragmatic steps forward in reducing costs across the high street and we are optimistic there will be meaningful progress over the coming years. This is critical. On its own though, it is also insufficient.
In the meantime, and over the past 18 months, SaveTheHighStreet.org continues to focus resources on the other side of the coin; investigating the question – What does it take to grow on the high street?
We have researched all 10 pillars from The Connected Digital High Street Manifesto that catalysed the launch of SaveTheHighStreet.org in August 2016 (Data, Discovery, Fulfillment, Experience, Product, Loyalty, Brand, Team, Money, Community). We have analysed the roles of stakeholders across the market. We have identified what it takes to achieve high street goals from winning new customers to improving customer loyalty and growing local footfall.
Our core research group includes dozens of leading industry experts, 200 local high businesses on our Retailer Advisory Board with 100s more piloting a digital assistant called Jo (JoinJo.com) that’s designed to measure and improve sales.
Tens of thousands of others have simultaneously been engaged through a series of national and local campaigns to help high streets succeed.
Together this led to the development of a new, future thinking, holistic model to stimulate revenue growth on the high street this year and for the future.
‘The High Street Growth Model’ includes the following 8 growth drivers:
- Inspire local high street businesses to modernise proactively and invest to grow
- Educate local high street businesses on what they need to do now, next and later
- Support local high street businesses in taking action, on their own or with 3rd parties
- Nurture innovative solution providers who can enable the high street of the future
- Empower people and organisations who champion high streets, to maximise their impact
- Invest in high streets as destinations with a considered brand, experience and strategy
- Promote a more positive and accurate narrative about the high street in the media
- Optimise high street growth based on data at a national, a local and a business level
The 8 Growth Drivers have been developed in market and now is the time to bring it all together.
Now is the time to apply the model in every borough, on every high street, for every local business.
Now is the time to take a holistic view of the challenges today and work collaboratively to address them; stimulating growth for individual businesses, high streets and local economies nationwide.
Now is the time to join forces and create the future we want to live into.