The number of shops lying empty soared by more than 7,500 last year, according to new data that lays bare the crisis on the high street.
A rapid rise in the number of barbers, beauty salons, vaping stores, cafes and restaurants or bars was offset by the closure of hundreds of banks, pubs, estate agents and fashion shops, analysis of the UK’s top 650 shopping locations has revealed.
Read the full article on The Guardian website
NAM Implications:
- From a NAMs-eye-view, these are the inevitable consequences of well known causes (rising costs, rents, rates combined with moves online and discounting)
- Survival means closures/alternative use.
- NAMs have to adjust to these capacity realities and factor appropriately into trading strategies…
- …or else…
