Search News

Results: 81-90 of 1048


Start again

30 Aug 2023

Allwyn, incoming operator of The National Lottery, has urged independent National Lottery retailers to log on to its new online retailer portal via 

30 Aug 2023

Shop owners have expressed scepticism that the Home Secretary's recent call for every theft to be investigated by the police will come to fruition, suggesting that police resources are already...

29 Aug 2023

Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, new figures suggest.
 

29 Aug 2023

Shop owners in a part of Coventry have rallied together to launch a street market, with hopes of boosting the number of people that visit the area.

25 Aug 2023

ACT Gold Member Reilly Cycleworks pushes expansion of UK dealer network with the appointment of ex-pro and world champion downhil MTBer Petra Wiltshire as field sales rep

24 Aug 2023

Cytech training provider Spokes People were recently asked by the Afghan National Team if they could suggest any way for them to be supported mechanically at the UCI World Championships in...

16 Aug 2023

Independent quality drinks retailers were woefully underrepresented among those consulted by government over the duty changes now hitting businesses, it has been claimed, after industry magazine...

16 Aug 2023

Online bookshop Bookshop.org has reached its target of raising £3 million in profit for independent booksellers in its fight for them to “thrive in the world of ecommerce”.

15 Aug 2023

A start-up craft baker from south-east London who sells his produce at local food markets has taken home five Great Taste Awards after only 16 months in business.

9 Aug 2023

VOLT e-bikes has announced the launch of a unique Cancel Anytime Subscription model in
conjunction with e-bike rental provider Blike.

Back to news menu

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.

Back to news menu

Useful links

If you have any other queries please contact us.