×
857
Fashion Jobs
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
Published
Jul 22, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

High street boost: 17k new local stores could open in 12 months - report

Published
Jul 22, 2021

In a major boost to UK physical retail that has been devastated by widespread closures during the pandemic, we could expect 17,000 local high street stores to open in the next 12 months, according to new research from Barclays Corporate Banking.


Photo: Pexels


Consumers are keen for retailers to open stores in their neighbourhoods and also expect them to be sustainability-focused, the report says.

Meanwhile, retailers are “overwhelmingly optimistic” about future growth, with 80% confident of growth over the next 12 months, including 41% who are “very confident”. Meanwhile, since reopening, 52% of retailers are seeing an increase in the average spend of customers, with average purchases up 9% on pre-pandemic levels.

The report, entitled Retail Unlocked, reveals that as British shoppers adapt to a post-lockdown world, they’re going to be “looking local”. 

Barclays’ data also shows that UK consumers have returned to physical stores “with confidence since restrictions began to ease”. Some 68% say they have ‘felt safe, or very safe’, to return to the high street, 40% are planning on stepping up their in-store shopping over the coming year and 41% say that it’s their favourite way to shop. 

However, the benefits are most likely to be seen in local high streets rather than in big cities, the research claims. That’s because home and hybrid working patterns will persist into 2022 for 44% of workers, with 16% expecting to work entirely from home and 28% anticipating a part-home, part-office model. A quarter of consumers (25%) now say that the best way a retailer can appeal to them is to open stores in their local area. 

As a result, many retailers are reviewing their location strategies, the report also claims, revealing that 18% of retail businesses with 10 or more employees are eyeing community store openings, with each of them looking at five new premises on average. Cumulatively, there is therefore potential for up to 17,000 new local stores across the UK, it highlights. 

Other key findings include: 29% of retailers are looking to entice more people back to physical stores by laying on experiences such as concerts and exhibitions; the most in-demand items, according to 45% of retailers, are products that promote a healthy lifestyle with younger people more motivated such products (23% among 25-34s compared to just 13% of over-55s); some 38% of retailers also report an increase in demand for sustainable products with a reduced environmental impact; 40% of retailers now employ data-led marketing to acquire more customers.

Karen Johnson, head of Retail and Wholesale for Barclays Corporate Banking, said: “E-commerce has been the undisputed winner of the pandemic but not far behind are community high streets, as shoppers seek to ‘look local’ and support the stores on their doorstep. With the continuation of home working, this shows no sign of slowing down, and retailers are now looking at evaluating their store estates to meet local deman”. 

Copyright © 2021 FashionNetwork.com All rights reserved.