More than 17,000 chain store shops closed last year
Figures reflect the rise of online shopping and the pandemic, but the rate of closures is slowing.www.bbc.co.uk
Chain stores i presume excludes independents, cafes, other high street businesses etc
I went through Manchester Arndale recently, which I don't do that often and noticed more food places in the main square. There is a dedicated food court in another wing of the mall with lots of fast food joints, and there have been a few other food places, like cookie stalls, Thornton's (now closed), pretzel place, Gregg's, dotted around, but it seems like they're now trying to make other parts of the mall into a slightly higher end food court type place, more restaurant vibe, although even there there's a milkshake and burger bar, and more recently German style diner kebab place.As I think I've mentioned before, local high streets might get something of a boost from COVID as people get more reliant on them - some attention is finally being paid to my local one, but it's funny how, however people complain about the shitty high street, when proposals are put forward for improvement people are all 'Oh but not that, oh but parking [always bloody parking], oh cars' and I do feel a bit 'Yes, if they are going to improve the street, things are going to change'. Council is planning a 'Town square', which is basically using existing layout better but people were immediately 'What are they going to knock down? That sound like they're going to pedestrianise it [they're not planning to], they can't do that'.
Shopping malls are a really interesting case - some big developers are now literally saying they can't see them building any more in the UK in the foreseeable, which I find fascinating. I'm guessing the extension of Brent Cross shopping centre is probably off the cards. Most malls will remain, I reckon, but expect to start seeing more non-retail use in them - entertainment, offices, even possibly healthcare and civic stuff. UK is overstocked with malls, though not as insanely as the US.
Chains are all going in line of course. Surprised about fashion shops; I would really want to see something in the flesh, feel it and try it on before buying.More than 17,000 chain store shops closed last year
Figures reflect the rise of online shopping and the pandemic, but the rate of closures is slowing.www.bbc.co.uk
Chain stores i presume excludes independents, cafes, other high street businesses etc
Yet the all original Oxford St store remains empty and has done so for years nowHMV bucking the trend by opening a new store in Edinburgh.
HMV set to return to Edinburgh’s Princes Street with new flagship store six years after closing
If you thought the vinyl revival was just another nostalgic fad, then look away now. HMV is set for a historic return to Edinburgh’s Princes Street nearly six years after the flagship store’s closure – and the new focus will be on vinyl.www.edinburghnews.scotsman.com
And bookies?The whole way of shopping has changed though, online is huge compared to two years ago. The only thing that has increased is the number of charity shops.
Still there. No new ones I don't think.And bookies?
Crikey, it's shit when you're old enough to see a place change so much. I grew up round those parts. Being a child I remember the Ashley Centre as being kind of magical, especially the main stretch down past M&S (if it's still there of course) I remember Our Price being next to Waitrose, when smiths was John Menzies, although Smiths wasn't even still there last time I looked and Dickens and Jones. Spent many a Saturday afternoon being dragged round there by my mum and dad, bored out of my mind while they shopped. I even worked in the cafe upstairs in my teens. I'm surprised it lasted this long given the fate of other house of frasers. Must've been a sorry sight seeing shelves up for salePopped into House of Fraser ( previously Dickens & Jones ) in Epsom earlier. They were selling literally everything, even display cabinets and shelving. It was all terribly sad.
Popped into House of Fraser ( previously Dickens & Jones ) in Epsom earlier. They were selling literally everything, even display cabinets and shelving. It was all terribly sad.
When Craig Developments entered the building, it was as if people just upped and left. Paul said that he could have easily opened it up again as a department store from what had been left.
He added: “Debenhams had literally locked the doors and left. Some of the rails even had clothes still on them, some of the mannequins were still dressed and the tills were still there. A poignant moment I remember was the Clarins counter which was left immaculately with the velvet cover over it.
All of that just made you realise that people worked here for decades and it was quite sad. We feel quite proud that we are going to save the building and bring some of the heritage back and be respectful to it, and someone’s got to save it, but it was still quite sad seeing the demise of a department store.”
M&S is still there. There was an HMV for a short while. There were two Waterstones, at either ends of the centre. There is still a Waterstones but now out on high st.Crikey, it's shit when you're old enough to see a place change so much. I grew up round those parts. Being a child I remember the Ashley Centre as being kind of magical, especially the main stretch down past M&S (if it's still there of course) I remember Our Price being next to Waitrose, when smiths was John Menzies, although Smiths wasn't even still there last time I looked and Dickens and Jones. Spent many a Saturday afternoon being dragged round there by my mum and dad, bored out of my mind while they shopped. I even worked in the cafe upstairs in my teens. I'm surprised it lasted this long given the fate of other house of frasers. Must've been a sorry sight seeing shelves up for sale
M&S is still there. There was an HMV for a short while. There were two Waterstones, at either ends of the centre. There is still a Waterstones but now out on high st.
The fate of the H if F building is uncertain.
Yeah I remember when it turned to HMV and when waterstones was up that end... It might've been called something else in the mid 90s when I worked in the clock tower cafe, which is long gone now. Cooking fry ups in a tiny kitchen for £3.50 an hour at 15 years old... Probably not legal but hey ho!M&S is still there. There was an HMV for a short while. There were two Waterstones, at either ends of the centre. There is still a Waterstones but now out on high st.
The fate of the H if F building is uncertain.
Investors are apparently getting quite keen on retail property again (and not in terms of changing use) seeing as it's cheap and I guess also they can clearly see who's got a good value proposition now, so that's a bit of a lift for the industry.
Yeah, sadly the cost of living crisis is going to fuck any recovery right up. An awful lot of even quite well off households (considering mortgage/rent/childcare) will lose a lot of discretionary spend and of course a lot of households won't even be able to keep their heads above water.I think we're about to see a further downturn. Friend who runs a shop/deli (neighbourhood high st rather than town/city) has seen massive downturn in her takeover in last month, so much so that she is now expecting to close by the summer, after surviving all through the pandemic, and at times doing quite well from people working at home. She thinks it's due to the announcements about energy bills and the general vibe around cost of living crisis - people have massively reined in discretionary spending.
100 pc this....recession incoming surely...credit card debt has soared this year alreadyI think we're about to see a further downturn. Friend who runs a shop/deli (neighbourhood high st rather than town/city) has seen massive downturn in her takeover in last month, so much so that she is now expecting to close by the summer, after surviving all through the pandemic, and at times doing quite well from people working at home. She thinks it's due to the announcements about energy bills and the general vibe around cost of living crisis - people have massively reined in discretionary spending.
what industry are you thinking of?Investors are apparently getting quite keen on retail property again (and not in terms of changing use) seeing as it's cheap and I guess also they can clearly see who's got a good value proposition now, so that's a bit of a lift for the industry.
Retail, in that there's some investment for it. But yes, recession's going to fuck it like everything else.what industry are you thinking of?
...aah i didnt get your meaning as i thought the conversation was going along the lines it was non-retail people buying up these spacesRetail, in that there's some investment for it. But yes, recession's going to fuck it like everything else.