Britain's Changing High Street

Dec. 6, 2010 - PRLog -- Overall shop vacancies now stand at 14%, up from 10.5% a year ago, say retail analysts the Local Data Company.

But while certain businesses are declining, new ones are springing up offering services not easily available on the internet, such as beauty salons.
It found that businesses such as off-licences and travel agents were facing high closure rates.

The 'death of the High Street' is a frequently reported tragedy. But, to quote Mark Twain, its death has been rather exaggerated”

Overall, the number of empty stores was going up, although at a slower rate than in 2009.

But as vulnerable businesses were disappearing, they were slowly being replaced by service-based retailers offering something that could not be provided online.

In the towns surveyed across England, Scotland and Wales, a total of 2,633 restaurants, cafes and fast-food outlets opened in the first six months of 2010.

Over the same period, 2,145 hairdressing and beauty salons were opened.
Shopping 'key pastime'

"This survey has shown that a significant part of the High Street's issues are not related to the recession," said the LDC's Matthew Hopkinson.

"It is more a reflection of our changing shopping habits. The internet was widely heralded as the death knell for the High Street, but the data shows that shopping in person is still a key pastime for many."

At the same time, however, the growth of discount stores and charity shops suggests that the economic downturn is still having an effect.

The survey found that in the West Midlands, the number of cut-price stores had gone up by 30%, but every region had seen some kind of increase in such shops except for the Yorkshire and Humberside region and Scotland.

Similarly, the Yorkshire and Humber region was the only area that did not report an increase in the number of charity shops on the High Street.

Yorkshire and Humber, which accounted for 26 of the towns surveyed, had the highest percentage of vacant shops at 18.1%, while the North East, with 18 towns surveyed, had a vacancy rate of 17.9%.

The worst-hit individual town was Altrincham in Cheshire, where 29.6% of shops were empty, with Stockton-on-Tees and Rotherham not far behind.

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