Home Region London PwC release figures on Britain’s High Street, and it doesn’t make for...

PwC release figures on Britain’s High Street, and it doesn’t make for good reading

This week we announced store closures for New Look, as well as profit warnings from Primark and Superdry as the High Street retailers struggle to stay in the black.

The Accountancy firm PwC has now released their figures on Britain’s top 500 High Streets and it makes for worrying reading.

14 shops shut every day on average according to the report.

Restaurants and Pubs are some of the biggest industries effected, with our announcement this week on the slew of Restaurants in Manchester closing highlighting this as well.

You’d expect that it would be the smallest towns to suffer the most, but it’s London who top the table in terms of worst effected whilst Welsh town centres seemed to fair better than others.

Fashion and electrical stores topped the list of biggest closures with no signs that this trend will change. This figure links to the obvious closure of Maplins who were on most UK high streets.

Supermarkets, bookshops and ice cream parlours all showed modest gains despite challenging conditions.

Rising rents with consumers reigning in their spending is having a massive effect on the high street. The digitisation of shopping and the fact more people push to shop online makes you wonder whether Primarks decision to stay off the online shopping trend is wise.

Figures from PwC, show 2,692 shops shut across the UK in the first half of 2018, while 1,569 new stores opened. The data looks at retail chains with 5 of more stores.

James Caldwell
Editor for the Business Bible. James took on the role in March 2019 and shares his vast experience of International Business and Trade. James was previously Director of an international events company in Manchester and still remains active in the events industry.
- Advertisment -

Most Popular

MEET THE NORTHWEST ENTREPRENEURIAL MUM & DOMESTIC ABUSE SURVIVOR WHO HAS RAISED OVER £16,000 FOR CHARITY DURING LOCKDOWN BY FESTOONING WITH CELEBRITIES &...

With reports of domestic abuse and violence across genders rising to over 700% since the beginning of lockdown, an entrepreneurial mum of...

Manchester businessman brought in by UN to help solve Iraq’s skills gaps

The United Nations (UN) has turned to a Manchester-based expert in operational management to help the Iraqi government tackle the country’s skills...

Revolutionising Your Morning Brew: Teaching Transparency with Traidcraft Shop

As the original ‘rule breaking’ fair trade wholesaler, Traidcraft is proudly committing two of its single origin coffee blends to the Transparency...

Adverttu Creates NHS Driver Volunteer Support Programme

Unique way to directly help NHS staff, volunteers and other essential workers Adverttu has launched its new NHS Driver...

Recent Comments