Will todays big retailers be replaced by a new-wave?

Some of the UK’s big retail chains have been around for a long time, and I am wondering if some of them are over-mature and have lost touch with their markets.

This, and the current recession, could leave or create room for the next generation of retailers and new entrants (especially in fashion) who are hungrier and have their finger on the pulse,  A sort of high street equivalent of the punks and new-wave of the late 1970s who chased out their boring predecessors. This prospect is very exciting – who will they be and what will they come up with? But we need to prepare the ground so that the big names on the high street of say 10, 20 or 30 years time are being nurtured today – we need to enable people with passion to start up; to fail without ruining them, and then start up again in order to succeed and to grow so that eventually some of them can become the retail giants of the future to replace those of the current crop which will fall by the wayside.

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