More than 200 UK shopping centres, collectively worth around £7 billion, are at risk of closure if their owners fail to secure fresh equity for refinancing and ‘much-needed redevelopment’, according to asset management company APAM. Retail sales growth slowed in the year to October, following four consecutive months of firm sales during the summer, according
A survey by the Nottingham Building Society has revealed that 46% of shop owners blame the closure of local bank branches in the last three years for damaging their businesses, while 24% said it contributed to them going out of business within the last five years. Retailers are also being hit by lower footfall, with
June’s good weather resulted in a marginal year-on-year improvement in footfall across the nation’s high streets, delivering the second month of consecutive growth since November 2017. However, retail parks and shopping centres have had ‘an altogether more difficult time’. The overall trend of fewer visits to bricks and mortar stores remains, said British Retail Consortium
Retail news round-up: Footfall and sales; Boost for NEC; John Lewis ‘pilot stores’ Read More »
Alan Monahan writes: Fed up with reading downbeat pre and post-holiday stories about footfall and predicted sales, I turned in desperation to Amazon Echo, my new Christmas toy, to find out if the future looked brighter for retailers. Surely the all-knowing Alexa would be able to tell me if shop owners could expect economic salvation
Retail Reflections: Can small retailers fill the void left by big chain stores? Read More »
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