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High street retail in the United Kingdom (UK) - Statistics & Facts

One of the biggest changes associated with the retail industry in recent years has been the rapid growth in e-commerce sales. This has created a large degree of uncertainty about traditional shopping formats, as many retailers worry about the future of the brick-and-mortar store. In the United Kingdom (UK) concerns about the future of the high street are ever-present, with online sales now accounting for nearly one fifth of the country’s total retail sales. These worries have been consolidated by declining footfall and sales figures seen on the high street in recent years. Even before the coronavirus crisis hit, footfall in high streets were decreasing, while sales experienced similar declines since 2017.

Another factor contributing to the so-called death of the high street has been the increasing number of store closures across in the country. Within the past decade, a number of well-known high street businesses closed shop, leading to thousands of job losses. The most affected store closures in retail were women clothes shops, convenience stores and shoe shops.

Shopping online vs at high streets

From the consumer side of the issue, high street seems to be losing its popularity to online competitors. According to the results of a survey conducted in 2019, still more people shop at physical stores, yet online is also becoming a regular in consumers’ shopping habits, especially for certain retail categories such as clothing and apparel. The ongoing struggle high street locations across the UK find themselves in is also perceived by the general public. Consumers were not optimistic about the future of high streets across all regions of the UK. In addition, many consumers felt that high streets were in need of improvements, in particular regarding areas such as variety and quality of shops, business rates and parking sports offered to consumers.

Impact of coronavirus

It is fair to say that British high streets were not having their best day beforehand, but the coronavirus (COVID-19) pandemic only exacerbated the problem to a greater degree. During the months of March and April when restrictions were at their maximum, retail and recreation mobility saw low levels at such unprecedented rates. Consumers started feeling comfortable again about going out for daily activities like shopping only after June 2020. . In the meantime, the pandemic caused over 20,000 job losses across the retail sector, with more than a thousand store closures.

Key figures

The most important key figures provide you with a compact summary of the topic of "High street retail in the United Kingdom (UK)" and take you straight to the corresponding statistics.

Retail traffic and sales

Consumer behavior

Retail shops

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "High street retail in the United Kingdom (UK)".

High street retail in the United Kingdom (UK)

Dossier on the topic

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High street retail in the United Kingdom (UK) - Statistics & Facts

One of the biggest changes associated with the retail industry in recent years has been the rapid growth in e-commerce sales. This has created a large degree of uncertainty about traditional shopping formats, as many retailers worry about the future of the brick-and-mortar store. In the United Kingdom (UK) concerns about the future of the high street are ever-present, with online sales now accounting for nearly one fifth of the country’s total retail sales. These worries have been consolidated by declining footfall and sales figures seen on the high street in recent years. Even before the coronavirus crisis hit, footfall in high streets were decreasing, while sales experienced similar declines since 2017.

Another factor contributing to the so-called death of the high street has been the increasing number of store closures across in the country. Within the past decade, a number of well-known high street businesses closed shop, leading to thousands of job losses. The most affected store closures in retail were women clothes shops, convenience stores and shoe shops.

Shopping online vs at high streets

From the consumer side of the issue, high street seems to be losing its popularity to online competitors. According to the results of a survey conducted in 2019, still more people shop at physical stores, yet online is also becoming a regular in consumers’ shopping habits, especially for certain retail categories such as clothing and apparel. The ongoing struggle high street locations across the UK find themselves in is also perceived by the general public. Consumers were not optimistic about the future of high streets across all regions of the UK. In addition, many consumers felt that high streets were in need of improvements, in particular regarding areas such as variety and quality of shops, business rates and parking sports offered to consumers.

Impact of coronavirus

It is fair to say that British high streets were not having their best day beforehand, but the coronavirus (COVID-19) pandemic only exacerbated the problem to a greater degree. During the months of March and April when restrictions were at their maximum, retail and recreation mobility saw low levels at such unprecedented rates. Consumers started feeling comfortable again about going out for daily activities like shopping only after June 2020. . In the meantime, the pandemic caused over 20,000 job losses across the retail sector, with more than a thousand store closures.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "High street retail in the United Kingdom (UK)".

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