Sadly I think the decline of the high street is inevitable. I've read a lot about shops like HMV, Blockbusters and the like having the wrong business model and being unable to compete with online offerings. The irony of course is that if they had the right business model they would have abandoned the high street five years ago. Furthermore these same dinosaurs, plus Waterstones and the supermarkets are the same businesses that crushed the small independents by aggressive pricing strategies, and some are now suffering the same fate themselves.
Put simply, the world has moved on, people's shopping habits have changed and they are happy to trade interactivity and personal service for the convenience of armchair shopping, usually lower prices and a wider range of products available offset by the vaguaries of delivery (Yodel, anyone?)
The abandonment of the high street is also caused by high business rates and continuing landords' expectation of high rental receipts and of course the cost of town centre parking which goes hand in hand with planning authority's encouragement of large out of town shopping sheds and supermarkets.
Some of the high streets in the more bijou middle class areas will adapt - small specialist shops, cafes, restaurants, bars catering for people with disposable incomes. However in the less prosperous areas town centres are destined to be populated by boarded up shop fronts, takeaways, charity shops, betting shops and hairdressers.
I wish is wasn't so, but we''ve caused this by the choices we have made.
Edited: 17/01/2013 at 23:50