THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Empty shops on UK high streets set to rise in 2012

A new report has claimed that the number of empty shops on UK high streets is set to rise in 2012.

GENERAL MERCHANDISE

Empty shops on UK high streets set to rise in 2012

A new report has claimed that the number of empty shops on UK high streets is set to rise in 2012.

The Local Data Company is forecasting an increase this year due to weak consumer confidence, the growth in online shopping, and the expansion of the supermarket sector. 

Although shop vacancy rates stabilised at 14.3% in 2011, there are now 48,000 shops on the UK’s high streets standing empty.

The report revealed that there were huge regional differences in 2011 with the best performing centres mainly in the South and West and the worst in the North and Midlands.

While St Albans in the South saw one of the lowest vacancy rates of less than 9%, Stockport in the North West had the highest rate at over 30%.  Blackburn, Blackpool, Grimsby, Nottingham, Stockton, Wolverhampton, and Walsall all had vacancy rates of over 25%.

Matthew Hopkinson, director at the Local Data Company, said: "The stable top line rate of 2011 hides the significant breadth in town centre vacancy rates up and down the country. The odds are stacked against a positive take-up of shops and as such the new reality of 48,000 empty shops is here to stay unless an alternative use or purpose can be found."

Commenting on the figures, Stephen Robertson, director general of the British Retail Consortium said: "The scale of retail failures since Christmas and number of shops standing empty show the effects of high costs and weak demand on retail businesses and the people and places that rely on them." 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues