15 Jun '12, 2pm

The irony of Terry Leahy's attack on high streets | the new economics foundation via @theneweconomics

The irony of Terry Leahy's attack on high streets | the new economics foundation via @theneweconomics

The former boss of Tesco might label Britain's high streets as 'medieval ', but it is the old supermarket monoliths that will now struggle in the face of changing consumer habits. By LoopZilla Tweet It is significant and ironic that former Tesco boss Terry Leahy should attack high streets as ‘medieval’. Significant because they are, literally, medieval – not always, but often – in their street patterns, their distinctiveness and their authenticity. They are medieval in their human bustle. Ironic because he clearly believes that history is on his side, when it is almost certainly not. Leahy sounds like a canal pioneer criticising the medieval state of the roads when the railways are about to sweep them away. The truth is that Tesco-style retailing is likely to fall victim to a combination of internet shopping and rapidly rising oil prices. That seems like to make the old su...

Full article: http://www.neweconomics.org/blog/2012/06/15/the-irony-of-...

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