The report “UK Town Centre Retailing 2009”, available at http://www.reportbuyer.com/
Moreover, the 138 page report also includes data and trends for town centre retailing as a whole and by sector over the last 10 years and forecasts for the next five years, as well as comprehensive analysis of current and future town centre retail issues.
Authors of the report note that as the largest, most discretionary location and one that is being squeezed by the transfer of spend to the grocers and online, the 'town centre' is shrinking the fastest of any retail location, contracting by 3.4% in 2009. Therefore, the resultant shakeout to remove excess capacity across several sectors is permanently changing the face of high street retailing.
While a number of retail developments have been put on hold owing to the economic downturn, the majority of the report's Top 10 town centres have experienced recent new developments. This is a reflection of the increasing pull of these locations to the detriment of secondary town centres, a trend that we expect the economic downturn to accelerate.
Furthermore, over the past year, the rise in vacancy rates has forced retailers and landlords to be more flexible. Landlords have to be more proactive in tempting retailers to take on space meaning there are some attractive deals on offer for retailers.
The report also provides:
* Market value and growth, space, sales densities and store numbers 1998-2008 with forecasts to 2013
* Comprehensive analysis of the pipeline of all shopping centre developments over 25,000 sq m due to open 2008-2015
* Review of performance of recently opened shopping centres, such as Westfield London and Cardiff St Davids
* Analysis of top 100 GB shopping destinations by 12 criteria including vacancy rates, size, proportion of AB shoppers and size of shopping population
The report “UK Town Centre Retailing 2009” is available from Report Buyer at: http://www.reportbuyer.com/
Report Buyer product ID: VDT00800
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