First retail ‘name’ to pop off 2018
Discussion
The High Street isn't dead, it's just going through a period of great change. The problem it faces is that by its own vary nature (bricks and mortar) it is inelastic and at the moment it doesn't sit alongside the demand from retailers - there is too much supply of large shops compared to demand, leading to a period when the bigger units are empty and look awful.
I work in commercial property and find that there is still decent demand from smaller national retailers for smaller units to get a presence in towns, examples include Whistles, Oliver Bonas, White Company, Jo Jo Maman Bebe etc. If a High Street had 20 units of 1000 sq ft it would look a lot healthier than 4 units of 5,000 sq ft.
I'm sure if it were possible the larger retailers would take a reduction in floorspace straight away, however in most cases they can't split the units due to the configuration and therefore the only way to reduce rents is to ask landlords for a rent reduction.
I work in commercial property and find that there is still decent demand from smaller national retailers for smaller units to get a presence in towns, examples include Whistles, Oliver Bonas, White Company, Jo Jo Maman Bebe etc. If a High Street had 20 units of 1000 sq ft it would look a lot healthier than 4 units of 5,000 sq ft.
I'm sure if it were possible the larger retailers would take a reduction in floorspace straight away, however in most cases they can't split the units due to the configuration and therefore the only way to reduce rents is to ask landlords for a rent reduction.
Outfit have tried to address this by putting several of their concessions in one large retail unit roughly the size of a sofa chain store
Burton, Topman, Dorothy Perkins, Evans, Miss Selfridge, Topshop and Wallis in the one near me.
Trouble is it feels a bit like an out of town Debenhams and that's nothing to aspire to at the moment........
Burton, Topman, Dorothy Perkins, Evans, Miss Selfridge, Topshop and Wallis in the one near me.
Trouble is it feels a bit like an out of town Debenhams and that's nothing to aspire to at the moment........
talksthetorque said:
It won't be long before most Industrial town centres are a continuous line of Greggs and Bookies.
The b
ds have just closed the Greggs round the corner from me.No real surprise tbh, was tiny, not on a main street and a bit out of place amongst the ladies who lunch type cafes/restaurants and beauty places. Now I've nowhere to buy a pie.
Many years ago our small high street had butchers, bakers, grocers a small supermarket, chemists, bookshops, postoffice and a few specialist shops incl a ship chandler. Over the years these all died off, apart from 1 bookshop. The chemist was taken over by Boots.
A few years ago almost all the shops were chains, no butchers, grocers etc. Now a few of these are closing. Interesting a greengrocer has recently opened and seems always busy, a butcher and a bakers is about to open, maybe things are going in a full circle?
Despite all the gloom here, our high street is often busy so any so called death may not be that close.
A few years ago almost all the shops were chains, no butchers, grocers etc. Now a few of these are closing. Interesting a greengrocer has recently opened and seems always busy, a butcher and a bakers is about to open, maybe things are going in a full circle?
Despite all the gloom here, our high street is often busy so any so called death may not be that close.
Jos Notstoppen said:
gothatway said:
What's the local parking like ?
80p 1 hr £1.20 2hrseveral small car parks. quite a small town so easy to walk as well.
One High Street that is bucking the trend is Honiton in Devon.
All the main banks are still there, there are lots of independent shops and big names, it's always busy.
Yet 10 miles away in Cullompton all the banks are gone, there are a plethora of bookies and charity shops and Chinese takeaways. It just looks sad.
Still has A.R.P. First Aid Point sign on the Town Hall though (just to the left of the central drainpipe)
All the main banks are still there, there are lots of independent shops and big names, it's always busy.
Yet 10 miles away in Cullompton all the banks are gone, there are a plethora of bookies and charity shops and Chinese takeaways. It just looks sad.
Still has A.R.P. First Aid Point sign on the Town Hall though (just to the left of the central drainpipe)
Robertj21a said:
matchmaker said:
We are losing our Argos. Moving from dead centre of the city (Stirling) to Sainsburys.
Aren't many (most ?) Argos stores moving in to a Sainsburys store ?soxboy said:
Robertj21a said:
matchmaker said:
We are losing our Argos. Moving from dead centre of the city (Stirling) to Sainsburys.
Aren't many (most ?) Argos stores moving in to a Sainsburys store ?Argos in Penzance has moved into Sainsbury's too. It was the only reason I ever went into town to shop, rather than to work or pick someone up from the station. Much more convenient, with free parking.
The money that Sainsbury's save on Argos premises means there's cash in the kitty to buy Asda.
The money that Sainsbury's save on Argos premises means there's cash in the kitty to buy Asda.
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