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9 Nov 2018

With the new budgey plan being released at the end of October, read all about it and more here.

3 Nov 2018

With the new budget plan being released at the end of October, read all about it and more here

1 Nov 2018

The government is finally getting involved and taking a step in the right direction 

25 Sep 2018

It's not too late for you, your staff and customers to get involved

24 Sep 2018

Chains and independent businesses have been forced to close in the last year

24 Sep 2018

To assist in green last mile delivery

20 Sep 2018

Retailers could pay an extra £190 million in annual business rates

19 Sep 2018

Find out what's going on at the show and register for your free entry

19 Sep 2018

Levels of black carbon and NO2 greatly reduced

18 Sep 2018

Cars on Demand surveyed 2000 drivers and cyclists across the country

Already wide gap between store closures and openings is growing at a record level

Posted on in Business News , Cycles News , Political News

 

PwC and the Local Data Company's figures show that 2,692 shops closed with only 1,569 shops opening. Research into these figures found that, store closures were affected by online shopping and people showing an increasing liking for in-home leisure.

Store openings are not replacing the closures at a fast enough rates.

In 2017, new store opening on the UK's high streets reached their lowest level in over seven years. An average 15 stores opened on the UK's high streets every day in 2015, with 12 opening in 2016 and just 11 in 2017. These declining figures and a record level increase in the gap between store closures and openings may be a result of the trading environment, a decline in consumer spending and a rise in business rates costs.

Another impact that is affecting the rates is online shoppin.

Consumers are attracted to the price transparency, reliability of delivery and the simplicity of online shopping. This is an area within the retailer marketspace that is still growing rapidly and will affect the rates further. The categories that consumers sit within today are, online consumers and in-store consumers. Retailers will need to tailor their products and create a retail landscape that appeals to everyone.

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