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Britain's changing High Street
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Author:  pcernie [ Mon Dec 06, 2010 1:51 pm ]
Post subject:  Britain's changing High Street

The number of empty shops in Britain is still rising, but High Streets are adapting to changing trends, research commissioned by the BBC has found.

Overall shop vacancies now stand at 14%, up from 10.5% a year ago, say retail analysts the Local Data Company.

But while certain businesses are declining, new ones are springing up offering services not easily available on the internet, such as beauty salons.

The LDC visited 500 towns and cities for the BBC's Inside Out programmes.

It found that businesses such as off-licences and travel agents were facing high closure rates.

Overall, the number of empty stores was going up, although at a slower rate than in 2009.

But as vulnerable businesses were disappearing, they were slowly being replaced by service-based retailers offering something that could not be provided online.

In the towns surveyed across England, Scotland and Wales, a total of 2,633 restaurants, cafes and fast-food outlets opened in the first six months of 2010.

Over the same period, 2,145 hairdressing and beauty salons were opened.

Shopping 'key pastime'
"This survey has shown that a significant part of the High Street's issues are not related to the recession," said the LDC's Matthew Hopkinson.

"It is more a reflection of our changing shopping habits. The internet was widely heralded as the death knell for the High Street, but the data shows that shopping in person is still a key pastime for many."

At the same time, however, the growth of discount stores and charity shops suggests that the economic downturn is still having an effect.

When was the High Street at its best?
The survey found that in the West Midlands, the number of cut-price stores had gone up by 30%, but every region had seen some kind of increase in such shops except for the Yorkshire and Humberside region and Scotland.

Similarly, the Yorkshire and Humber region was the only area that did not report an increase in the number of charity shops on the High Street.

Yorkshire and Humber, which accounted for 26 of the towns surveyed, had the highest percentage of vacant shops at 18.1%, while the North East, with 18 towns surveyed, had a vacancy rate of 17.9%.

The worst-hit individual town was Altrincham in Cheshire, where 29.6% of shops were empty, with Stockton-on-Tees and Rotherham not far behind.

You can see more on the changing face of the High Street on BBC Inside Out across England on Monday 6 December at 1930 on BBC One.

http://www.bbc.co.uk/news/business-11911915

I thought that was quite interesting :)

I try to avoid shops where possible - there's very little I wouldn't sooner get cheaper and delivered to my door ;)

Author:  oceanicitl [ Mon Dec 06, 2010 1:54 pm ]
Post subject:  Re: Britain's changing High Street

I can't imagine anything worse than going High Street shopping and I avoid it as much as I can. If I do have to visit shops I try and do it after normal hours in the evenings.

Author:  l3v1ck [ Mon Dec 06, 2010 3:39 pm ]
Post subject:  Re: Britain's changing High Street

Shouldn't empty shops and the "laws" of supply and demand mean lower rents for shops?

Author:  HeatherKay [ Mon Dec 06, 2010 3:43 pm ]
Post subject:  Re: Britain's changing High Street

l3v1ck wrote:
Shouldn't empty shops and the "laws" of supply and demand mean lower rents for shops?


There you go again with your common sense.

Author:  cloaked_wolf [ Mon Dec 06, 2010 7:10 pm ]
Post subject:  Re: Britain's changing High Street

I hate going to the city centre for shopping. In fact, if I have to go, I prefer to go in and get everything done before midday. What puts me off is huge crowds and huge queues. Saturday late morning/early afternoon shopping is a nightmare for me!

Author:  Nick [ Tue Dec 07, 2010 12:42 am ]
Post subject:  Re: Britain's changing High Street

I popped into Tesco today at lunch time to grab a sandwhich, packet of crisps and a bottle of drink.

Turned out to be a BIIIGG mistake - full of people with massive trolleys of shopping and making the queues huge! I left without buying anything in the end, it was completely unbearable!

Author:  JJW009 [ Tue Dec 07, 2010 12:43 am ]
Post subject:  Re: Britain's changing High Street

Nick wrote:
I popped into Tesco today at lunch time to grab a sandwhich, packet of crisps and a bottle of drink.

Turned out to be a BIIIGG mistake - full of people with massive trolleys of shopping and making the queues huge! I left without buying anything in the end, it was completely unbearable!

Tesco.com for "real" shopping.

Local petrol station for munchies :lol:

Author:  Amnesia10 [ Mon Dec 13, 2010 3:08 am ]
Post subject:  Re: Britain's changing High Street

l3v1ck wrote:
Shouldn't empty shops and the "laws" of supply and demand mean lower rents for shops?

Only if there were pressure for them to actually lower them. What is more likely is that they keep them empty till someone is actually willing to pay the rent demanded. If it actually cost the owner money to keep that shop empty then it would ruin the performance of the investment fund, to keep it empty rather than rent at a lower rent. Supply and Demand does not always work if they can ignore market pressures, by avoiding local taxes.

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