Retail in 2022: Leisure explosion and flexible landlords will give the UK high street a much-needed boost this year January 11, 2022 Demand for property outside traditional retail and pragmatic landlords have given “renewed optimism” for some high streets and shopping districts despite the toll of the pandemic, according to industry experts. The pressure from lockdown measures, after a steady decline in recent years, saw vacancy rates across shopping destinations hit record levels in the second quarter [...]
UK bricks and mortar sales have stronger-than-expected November, but Omicron threatens festive figures December 17, 2021 Black Friday deals on toys, clothes and tech pushed UK retail sales up by a better-than-expected 1.4 per cent in November, as shoppers hit the high street for their early Christmas shopping, the Office for National Statistics said today. Last month’s UK retail sales figures were 4.7 per cent higher than a year earlier, the [...]
Christmas light switch-on brings shoppers back to the high street November 15, 2021 The number of people on UK's high streets rose by 2.5 per cent last week compared to the previous week, with the Christmas buzz gradually bringing shoppers back.
Rain and fuel chaos kept shoppers away from the high street October 8, 2021 Shoppers were deterred from the high street last month because of rain and chaos surrounding fuel buying. Total UK footfall dropped by 16.8 per cent in September, compared to pre-pandemic levels, BRC-Sensormatic IQ data found. Out of all regions, London saw the biggest drop of 26.3 per cent, compared to 2019. The city has suffered [...]
Two-tiered recovery? High Streets struggle as one-in-seven shops sit vacant July 30, 2021 A wave of administrations, closures and downsizing has decimated the UK high street, with new figures out this morning showing one in seven shops are sitting empty – and the problem is getting worse. In the second quarter of 2021, the overall vacancy rate increased to 14.5 per cent across the UK, from 14.1 per [...]
Small shops face £1.7bn debt, says report by ex-boss of Iceland July 16, 2021 Small shops are struggling under £1.7bn debt, the former retail chief of Iceland, has warned. Independent businesses’ borrowing increased fourfold during the pandemic, according to the report. While the money borrowed has allowed small shops to survive, the task of paying back the loans still looms over them, said Bill Grimsey, the author of the [...]
Hotel Chocolat records strong results following ‘promising’ in-store performance July 13, 2021 Hotel Chocolat have announced impressive revenue in their latest fiscal year results, seeing an increase of 21 per cent on 2020, while it is also up 24 per cent on 2019. With the ten weeks from 19 April to 27 June boosted by the reopening of the high street, the UK cocoa manufacturer saw its [...]
High streets see the most shoppers since the beginning of the pandemic July 8, 2021 The number of shoppers on high streets, in shopping centres and in retail parks last month was the highest since the beginning of the pandemic, but still notably behind 2019 levels. The largest gains in footfall were made on high streets, which continued to benefit from the reopening of hospitality, with the number of punters [...]
High streets may never recover to pre-pandemic levels, minister warns July 6, 2021 The number of shoppers on the high street may never again hit pre-Covid levels, as a combination of working from home and shopping online could permanently change consumer habits. Speaking to MPs on the Communities Select Committee, Luke Hall, minister for regional growth and local government, suggested a full recovery for the high street could [...]
UK shoppers sticking with online shops despite restrictions relaxing June 29, 2021 Online e-commerce sales continued to grow in April, despite the reopening of non-essential retail across the UK. Demand for e-commerce packaging, a barometer for industry and sector performance, grew 11.7 per cent in April, despite brick-and-mortar shops reopening in the same month. This followed a 35.6 per cent increase in demand in the year up [...]