{$inpagemarkup}

Search News

Results: 181-190 of 699


High streets of the future will need to think beyond retail, says new report

19 Jun 2023

Just 42% of people in the UK rate their local high street as good or very good, according to the latest Legal & General Rebuilding Britain Index.
Read more…

Stellar line-up for Independent Bookshop Week

19 Jun 2023

A stellar line-up of authors have been taking part in this week’s Independent Bookshop Week 2023 with the likes of Ann Cleeves, AJ Pearce, Danielle Brown, poet laureate Simon Armitage and... Read more…

Bira calls for level playing field as Amazon UK Services pays zero corporation tax again

8 Jun 2023

Bira, the British Independent Retailers Association, has expressed its concern and frustration after it was revealed that Amazon UK Services had, for the second consecutive year, paid zero... Read more…

Bank holidays fail to boost retail sales in May

7 Jun 2023

The three bank holiday weekends in May failed to boost UK retail sales, with growth slowing in May according to new industry data.
Read more…

Retailers need to rise to challenge of keeping the high street is relevant

7 Jun 2023

New data shows that the public is craving a change to their local high street in order to continue visiting it, with nearly half of those surveyed believing that high streets are no longer... Read more…

Retailers urged to prepare for ban on selling single use plastic

5 Jun 2023

The government has published guidance to help businesses prepare for the ban on single-use plastics which is due to come into force in October.
Read more…

Retail workers face money challenges at alarming rate

31 May 2023

A report published by financial institution Claro Money’s wellbeing division on the effects of money worries for retail workers found that 73% of retail workers feel negatively about their... Read more…

Federation of Independent Retailers says more needed to be done to support smaller businesses in Wales

24 May 2023

Whilst it has welcomed some elements of the Welsh Retail Action plan, the Federation of Independent Retailers (the Fed) said more is needed to be done to support smaller businesses.
... Read more…

Nearly half of customer service staff consider quitting over growing customer abuse

22 May 2023

More than two-fifths (44%) of customer service staff are considering leaving their roles due to increasing levels of cost-of-living fuelled abuse from customers.
Read more…

Friendliest high-street businesses include hairdressers and coffee shops, reports new study

22 May 2023

More than half of Britons (55%) say they have received helpful life advice from a local small business owner, new research reports.
Read more…

Back to news menu

Retailers need to rise to challenge of keeping the high street is relevant

Posted on in Business News

New data shows that the public is craving a change to their local high street in order to continue visiting it, with nearly half of those surveyed believing that high streets are no longer relevant.

Oxford Street

The data, published by IT company Accenture, comes as retail experts have forecasted that up to 18,000 stores could vanish off the high street by the end of this year, as soaring renting costs and tough economic conditions impact on retailers.

According to Accenture, some 56% of respondents feel that the high street does not have everything they need to do their weekly shop – with many now going online to shop.

Moreover a lack of choice has pushed 28% of Britons to warn that they may stop shopping on the high street over the next five years – the data shows that 58% of the public wants new clothes shops and 63% crave new general retail stores.

Accenture view this data as a positive for the high street, saying its future had “been in question in recent years, but for now, stores are clearly still in fashion,” Kelly Askew, retail strategy and consulting lead at Accenture, said.

He added: “At a time when shoppers are being even more selective about where and how they spend their cash, the future of the UK high street lies in its relevance and ability to meet local needs many retailers are still placing their bets on bricks-and-mortar, but there are warnings that the high street is in need of a reinvention if it’s to survive.”

Back to news menu

Useful links

If you have any other queries please contact us.