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Retail Shops Being Shuttered At Rapid Rate Despite "green Shoots"

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Tuesday, 21 July 2009 12:01 UK

Empty shop premises 'to hit 15%'

Empty shops are the most visible sign of decline, the report says

About 15% of High Street shops will be empty by the end of 2009, the British Retail Consortium (BRC) has predicted.

This would be more than double the 7% of stores which were vacant at the start of the year.

And the BRC said some areas had already seen up to 40% of shop space empty, amid the slump in consumer confidence.

And this is probably an over-optimistic view. As uenmployment will soon fly past 4m later this year there will be very few out spending on the high street. Green shoots are withering faster than the EAs can imagine them sprouting.

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