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Number Of Uk High Street Shops Falls Sharply

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http://www.bbc.co.uk/news/business-29546101

The number of shops on the High Street declined dramatically in the first nine months of this year, a survey suggests.

Town centres saw 964 net closures between January and September, two-and-a-half times the net reduction for the whole of 2013, according to the study by PwC and the Local Data Company.

The collapse of businesses such as Phones 4U and lingerie chain La Senza accelerated the decline, PwC said.

Clothing shops were among the hardest hit while betting shops thrived.

In total 365 traditional goods retailers, such as shoe and clothes shops, closed down in the first half of the year.

The number of travel agents and pawnbrokers also fell.

This was exacerbated by a dramatic reduction in the number of Albermarle & Bond shops after the pawnbroker fell into administration and had to be rescued by an investment group.

The shopless recovery. Hard to see how shops can compete with the internet that has less overheads.

Time to revise the business rates to reflect the business shops actually do rather than setting some arbitrary amount which funds council pensions.

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I was in Liverpool the other day and was surprised by how many empty shops there were when you ventured only a street or two away from the main drags.Loads of city centre office space too.

A poster on here years ago,-Snacr?- said that one of the main knock on effects of building a big new shopping centre was that it killed the area immediately around it and Liverpool One is a fine example of that..All the streets to the south of it are virtually empty of shops.

I think as well that many of the old trades that used to need city centre offices-sol's,accountants-are now working from home.I know that the best divorce lawyer round my way has been doing this for years after converting a garage at his home.

And yet,the landlords are still asking top dollar....

http://www.rightmove.co.uk/commercial-property-to-let/Liverpool-City-Centre.html?index=100

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Which High Street are they talking about.

there must be 5000 high streets in the UK...900 closures sounds insignificant.

Unless, they mean 900 CHAINS.

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On a separate note,one of the effects of a significant downturn in the housing market would be empty EA's.

In my little patch,in the 90's there were two local EA's.Now,in the same area we have ten or so.

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BBC Breko this am. "Dom" came on and they had a little chat about this.

They all thought it was surprising as there was a recovereh on.

And then he dug a little deeper and said that trad retailers are being replaced with pound shops and bookies.

They kept straight faces and moved swiftly on.

I chuckled as i fed my dog.

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Why is this a surprise? Why would anyone expect there to be as many shops when people no longer have to go to a shop to buy stuff? Just another example of the expectation that a pre technological revolution economy should exist in a post technological revolution world.

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Which High Street are they talking about.

there must be 5000 high streets in the UK...900 closures sounds insignificant.

Unless, they mean 900 CHAINS.

It's 900 NET closures. Still a few coffee chains, cash converter type store that are expanding.

I'm a retailer, and business rate are a huge issue. We would like to open a branch in our local town centre, but while the shopping centre management will let you have a unit for 10k pa the council want 25k in business rates based on an artificial 2008 rateable value that bears no relation to reality.

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High streets have very little to offer. With the rise of eCommerce places like Argos and Dixon just can't compete. The last time I went into one they were more focused on upselling over inflated prices with very little knowledge of the products, its just a job to them not a trade.

I'm surprised Betting shops haven't consolidated with the pawn brokers, payday loans and Cash4Gold, essentially same store in my mind that are always together.

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Which High Street are they talking about.

there must be 5000 high streets in the UK...900 closures sounds insignificant.

Unless, they mean 900 CHAINS.

http://www.retailresearch.org/whosegonebust.php

'

Companies failing
Stores Affected
Employees Affected

2014 (to Sept) 39 1,282 11,892 2013 (12 months) 49 2,500 25,140 2012 (12 months)

54
3,951
48,142

2011 (12 months) 31 2,469 24,025 2010 (12 months)

26
944
10,930

2009 (12 months)

37
6,536
26,688

2008 (12 months)

54
5,793
74,539

2007 (12 months)

25
2,600
14,083

This doesn't include one man bands.There's a full list on there of the retailers for anyone interested.Table's gone wonky in translation

Edited by Sancho Panza

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FT 14/1/14

'Almost 80 per cent of high street leases are due to expire in the next five years, according to data from property firm Jones Lang LaSalle. This offers major retailers the opportunity to close down unprofitable stores as their leases end.'

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My home town's High Street is on its knees; more empty shops than ever. Council just changed Sunday parking from free to paid. :rolleyes: I also wouldn't be surprised if business rates are at the levels they were pre-2007.

Edited by btl_hater

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So easy to order from Amazon now. They have everything - even food, healthcare products, household good etc etc.

Only reason to go to the shops is for goods of the highest quality (eg. a tailored suit or fine watch etc).

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My home town's High Street is on its knees; more empty shops than ever. Council just changed Sunday parking from free to paid. :rolleyes: I also wouldn't be surprised if business rates are at the levels they were pre-2007.

I now visit a not too distant town to shop more frequently because the council has made a one time 'pay to shop and work' to a now we welcome you to 'shop and work for free'.....so much less stressful, more people about and why you can even stop for lunch with friends without the fear of a ticket for being five minutes late.....don't feed the meter......someone must be listening thus help stopping the demise.... ;)

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You could fill quite a few of those empty shops if they legalised prostitution and brothels. They're already including them in GDP, so its the next logical step.

Indeed, drugs included too so might be an idea to legalise weed and open a few of them as Amsterdam style *coffee shops* I'm sure they'd do a roaring trade.

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Brothels should certainly be legalised and properly licensed etc. Absolutely no reason to not allow them.

Sex already a 'key component' of GDP :) Could be the stimulation the economy needs.

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We are having the start of another crisis Autumn sales season like we had a few years ago.

Many of the major chains are doing flash sales online - it kinda masks them having big sales.

Halfords have a flash sale today online between 12 and 2 - 10% off everything. BHS has a flash sale on today with 25% off everything and free delivery if you use a certain code. They already have 50% off some items so you could get 75% off today in theory.

M&S, for weeks now, have been having flash sales on certain items of clothing. For example, they are currently doing 7 pairs of mens freshwear socks for £3 down from something ridiculous like £14. They did 3 shirts for a tenner a week or so back. Loads of women's clothing flash sales at M&s online.

I think the chains are panicking and don't wish to be seen to be having major sales so are opting for flash sales.

I think we will see some big names go to the wall after Christmas.

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In case you're not aware, from April 2014 the government amended the planning regime to include several new permitted development rights (PDRs) for change of use, one of which is Class 1A - change of use from retail to residential.

The intention is to allow the conversion of unused retail premises to residential (another one is Class MB, which allows certain agricultural buildings to be converted to residential).

These PDRs in theory allow conversion without planning permission, although prior approval is still required from the local authority, and rather like the situation with the conversion of office buildings to residential (under a PDR introduced in 2013), councils can be obstructive in many cases (although the govt has been clamping down on this). It's unlikely that a retail shop in a busy town centre would gain approval for conversion for example.

From a govt memorandum:

RetailToResidentialB.gif


And from a discussion article:

RetailToResidentialA.gif

A recent conversion of a closed-down furniture store:

RetailToResidentialC.jpg

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http://www.bbc.co.uk/news/business-29546101

The shopless recovery. Hard to see how shops can compete with the internet that has less overheads.

Time to revise the business rates to reflect the business shops actually do rather than setting some arbitrary amount which funds council pensions.

Valuations are set by the valuation office agency. There is a business rate retention scheme for councils but alot goes to central gov. The valuation office has lots of appeals. They did have a backlog. I am not sure who beara the risk on appeal. Maybe the local authority.

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We are having the start of another crisis Autumn sales season like we had a few years ago.

Many of the major chains are doing flash sales online - it kinda masks them having big sales.

Halfords have a flash sale today online between 12 and 2 - 10% off everything. BHS has a flash sale on today with 25% off everything and free delivery if you use a certain code. They already have 50% off some items so you could get 75% off today in theory.

M&S, for weeks now, have been having flash sales on certain items of clothing. For example, they are currently doing 7 pairs of mens freshwear socks for £3 down from something ridiculous like £14. They did 3 shirts for a tenner a week or so back. Loads of women's clothing flash sales at M&s online.

I think the chains are panicking and don't wish to be seen to be having major sales so are opting for flash sales.

I think we will see some big names go to the wall after Christmas.

I must admit our sales are down and the business is non-seasonal, however sales do pick up when the weather is bad.

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I work in lovely city of worcester. I have to admit i dont buy much in town or even venture out in my dinner break.

Been force to park 20 minutes walk out of town and walk to work . sort of stops me buying anything that i have to carry back to the car. As for parking i am just not going to pay £3.50 a day just for privallage of going to work. (around £1000 a year).

I do belive people do want shop in towns but they just wont pay for privallage when you go to out of town shops.

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I do belive people do want shop in towns but they just wont pay for privallage when you go to out of town shops.

You don't pay for parking at Bista village or Gunwharf quays or Bluewater, or any of the huge, new shopping centers. They don't seem to have this lack of customers problem. In fact people travel many miles to avoid their own town centers to favour these places.

I was thinking I should try and spend a bit more money in my local community recently. I ventured into my local shopping center recently which had a wide selection of national chain stores, overpriced coffee, overpriced baked goods and pawn shops. Sadly I didn't find anything I wanted to buy, and I was 150 seconds late getting back to my car and so got a £50 ticket. I will revert to doing the bulk of my shopping on Amazon.

Edited by Hail the Tripod

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On a separate note,one of the effects of a significant downturn in the housing market would be empty EA's.

In my little patch,in the 90's there were two local EA's.Now,in the same area we have ten or so.

+1

Quite a few new ones in the last couple of years so even more than during the biggest house price boom from 1997 to 2007 as if there wasn't enough new ones opening then - so they must be positioning themselves for the next "benign" phase in the house price cycle.

Quite likely some of the new ones opening are funded from stuff like redundancy payments and before long they'll be able to fund them from being able to extract all pension money under Osborne's new rules.

At least the High Streets seem less empty with the new EAs otherwise those streets would look almost as bombed out as in those photos taken just after World War 2.

Edited by billybong

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This is probably typical - local music store finally going after a combination of rent and the internet have destroyed the business.
Rowlands music shuts up shop after nearly 50 years
What is not mentioned in the story is how the road where the shop is, which used to be road of select upmarket specialist shops, has turned in the past 7 or 8 years into something akin to a street that you would find in Pakistan or some other part of the Near-East.

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