Increasing pressures on the U.K. retail sector

Increasing pressures on the U.K. retail sector

The retail sector has changed radically in recent years. Factors driving these changes include internet retailing, store closures and other changes on the high street, and an increasing consumer preference for large multi-purpose malls. Since 2007, the retail sector with the most stores affected by company failures has been the clothing sector, accounting for 25% of all stores affected. Off licences accounted for 16% of stores affected and footwear stores accounted for 13% of stores affected. The Local Data Company collects information on town centres in Great Britain. The vacancy rate varies by type of retail premises and region, compared […]