Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
IREU Top500 The Customer Report: 2018

IREU Top500 The Customer Report: 2018

You are in: > Home > Themes > Customer

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

The high street will never be the same again, say analysts

Linked InTwitterFacebookeCard
The latest research paper from the KPMG/Synovate Retail Think Tank (RTT) has come to some interesting conclusions about how changing shopping habits are affecting the nation's high streets.

The current shop vacancy problem is misunderstood, the analysts say, and action should now be taken to re-zone empty shop units that are not just vacant but are now permanently obsolete.

As the recession continues, there has been much talk about how shop closures are changing the face of high streets and shopping centres across the UK, say the analysts, quoting Experian figures that suggest one in seven UK shops — some 135,000 units — will be vacant by Christmas 2009. "However, one in eight or one in nine are usually vacant anyway," says RTT, and "members consider that store closures are a long-term structural issue, rather than simply a short-term cyclical effect of the recession."

"Shopping habits have been changing for many years, with consumer demands for greater choice, in larger purpose-built stores, increased price sensitivity and more mobility leaving many small traditional shops surplus to requirements," it adds. "Vacancy rates in tertiary locations were high well before the onset of recession."

"The RTT urges local authorities to acknowledge the realities of the situation and where appropriate re-zone shopping that is clearly redundant for other uses," the analysts conclude.

Readers can read the full white paper on the RTT website.
Linked InTwitterFacebookeCard

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter