28th October 2015
How healthy is the high street really?
The Week have published an interesting article asking how healthy is the high street really?
This article reports on store closures falling to their lowest level in five years (albeit still at a rate of 14 a day in the first half of this year!), September retail sales 1.3 per cent higher than in August and spending at online retailers slowing.
That’s not to say that High Street retailers can afford to rest on their laurels. According to the article:
But the British high street is adapting to this. New shop openings “were more likely to be leisure or service-based,” Mark Hudson, retail partner at PwC told The Guardian. While traditional high street stalwarts such as clothing shops, pubs and banks are retreating, they are being replaced by health food stores, coffee shops and takeaways.