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28 Jun 2023

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The Association of Convenience Stores publish their Crime Report of 2023

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Scientists and researchers have compelling data, showing ultra-processed food could be responsible for several health conditions – a recent piece in Speciality Food Magazine set out to... Read more…

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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.
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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.
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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.
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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.”

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