Half of bank branches expected to go by 2020
“As much as 50% of existing retail bank branches in the developed world will be obsolete by 2020 as banks assess their space requirements in the face of continued growth in online and mobile banking, according to forecasts by real estate agency Jones Lang LaSalle.”
In the UK we turm them into bars
This kind of thing is inevitable – look at the way retailers in every country have suffered in recent years. If you don’t offer anything experiential or vital with your retail presence, if all you do is speak at customers and display wares, then you’re not needed, it’s that simple.
BUT does this just open up a gap in the market?
this man thinks so:
What do you think? Is there still a need for a modern bank to have a high-street presence? Can things be done differently?
Tell us below: