A nation of shopkeepers closes its doors on the high street



I've been reading with envy this week about the World Luxury Expo, being staged at the Burj Al Arab in Dubai. Surely the planet's most opulent marketplace, items available for purchase include Fabergé eggs, $10 million (Dh37 million) yachts and even a jewel-encrusted pen.

If a wistful smile flitters across my features as I imagine wandering among the aisles with my credit card in hand, you must forgive me. For here in the UK, we're facing the imminent prospect of having nowhere left to shop at all. Nevermind Fabergé and yachts, if things continue, Britons soon won't be able to purchase anything more extravagant than a pint of milk.

It was Napoleon Bonaparte who famously dismissed the English as "a nation of shopkeepers". Yet if the remark was supposed to be disparaging, it had the opposite effect: Brits have always prided ourselves on the traditional high street, with the variety of businesses that each contribute to the commercial and social cohesion of the community.

But now many of the household names that once made up the fabric of town centres are collapsing faster than faulty picnic chairs. First to go was Clintons, the greeting-card company, which last summer declared insolvency and the closure of 345 outlets. Comet, the audio and TV giant, soon followed suit, as did the clothing retailer JJB Sports.

Now, with the new year not yet three weeks old, more major chains have collapsed, including Jessops, the camera retailers (187 stores), and Blockbuster, the movie rental chain (528 stores).

The biggest casualty in this grim commercial roll call, however, has to be HMV. One of the nation's most recognisable brands, with its famous logo of a Jack Russell terrier peering at an ancient gramophone, Britain's pre-eminent music and DVD chain was recently voted one of the 10 best-loved brands in the UK.

But the internet cannot be denied, and shoppers now download their favourite tunes and movies straight to their computers. HMV failed to cope with changing trends, and now all 235 stores have closed with the loss of 4,500 jobs.

While the global recession has obviously been a contributing factor, it's not difficult to see the reason for this tsunami: namely, the nation's love affair with online shopping, and in particular Amazon. Like the mighty Brazilian river, this giant of online retail is threatening to swamp everything in its path.

With its head offices registered in the tiny European state of Luxembourg, the company pays relatively little corporate tax. Instead of costly premises, it conducts its business from a few distribution warehouses (called, with chilling prescience, "fulfilment centres").

Indeed, the inequality between online businesses and those still struggling in the high street was illustrated at the weekend when I visited HMV in central London. With closure imminent, prices at the flagship store on Oxford Street were slashed. When I spotted a DVD box set of a popular drama series reduced from £55 to £45 (Dh320 to Dh260), it seemed too good a bargain to refuse.

Yet a quick check online via my BlackBerry showed Amazon was selling the same set for £35. Needless to say, I left the shop empty-handed.

And therein lies the problem. With such a lopsided playing field, high-street retailers simply cannot compete. They may be able to offer a unique shopping experience, but the proprietor of our small local bookshop in north London summed up the difficulties: she told me that she often spends time helping customers to select the right book, only for them to blithely announce that they are going home to order it online. No wonder that a recent survey predicted that all of the nation's bookshops will have disappeared by 2015.

Indeed, this week the British Retail Consortium claimed that one in every nine high-street premises is now empty; and with 140 other well-known chain stores rumoured to be in deep financial trouble, that ratio will surely rise.

Of course, there'll always be a few things that can't be delivered in a van - such as a yacht for instance. But I wouldn't bank on it remaining that way. I can't quite imagine how Amazon will fit a 60-foot ocean-going cruiser into your letterbox, but of one thing you can be sure: somewhere, someone will be trying to figure it out.

Michael Simkins is an actor and writer based in London

On Twitter: @michael_simkins

Brief scores:

Toss: Sindhis, elected to field first

Kerala Knights 103-7 (10 ov)

Parnell 59 not out; Tambe 5-15

Sindhis 104-1 (7.4 ov)

Watson 50 not out, Devcich 49

Fixtures (all times UAE)

Saturday
Brescia v Atalanta (6pm)
Genoa v Torino (9pm)
Fiorentina v Lecce (11.45pm)

Sunday
Juventus v Sassuolo (3.30pm)
Inter Milan v SPAL (6pm)
Lazio v Udinese (6pm)
Parma v AC Milan (6pm)
Napoli v Bologna (9pm)
Verona v AS Roma (11.45pm)

Monday
Cagliari v Sampdoria (11.45pm)

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

Company profile

Company name: FinFlx

Started: January 2021

Founders: Amr Yussif (co-founder and CEO), Mattieu Capelle (co-founder and CTO)

Based in: Dubai

Industry: FinTech

Funding size: $1.5m pre-seed

Investors: Venture capital - Y Combinator, 500 Global, Dubai Future District Fund, Fox Ventures, Vector Fintech. Also a number of angel investors

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).


Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).


Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

War and the virus
Company profile

Name: Maly Tech
Started: 2023
Founder: Mo Ibrahim
Based: Dubai International Financial Centre
Sector: FinTech
Funds raised: $1.6 million
Current number of staff: 15
Investment stage: Pre-seed, planning first seed round
Investors: GCC-based angel investors

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

The specs: 2018 Mitsubishi Eclipse Cross

Price, base / as tested: Dh101,140 / Dh113,800


Engine: Turbocharged 1.5-litre four-cylinder


Power: 148hp @ 5,500rpm


Torque: 250Nm @ 2,000rpm


Transmission: Eight-speed CVT


Fuel consumption, combined: 7.0L / 100km

The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Museum of the Future in numbers
  • 78 metres is the height of the museum
  • 30,000 square metres is its total area
  • 17,000 square metres is the length of the stainless steel facade
  • 14 kilometres is the length of LED lights used on the facade
  • 1,024 individual pieces make up the exterior 
  • 7 floors in all, with one for administrative offices
  • 2,400 diagonally intersecting steel members frame the torus shape
  • 100 species of trees and plants dot the gardens
  • Dh145 is the price of a ticket