×
3 373
Fashion Jobs
COTY
Brand Manager
Permanent · London
MULBERRY
Digital Stock & Warehouse Coordinator
Permanent · SHEPTON MALLET
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · NORTH LYNN INDUSTRIAL ESTATE
SHISEIDO
Shiseido Account Manager - h Beauty Milton Keynes (37.5 Hours)
Permanent · Milton Keynes
FRASERS GROUP
Warehouse Supervisor - Night Shift
Permanent · SHIREBROOK
HUGO BOSS UK LTD.
Womenswear Sales Manager
Permanent ·
HUGO BOSS UK LTD.
Finance Manager (Maternity Contract)
Permanent ·
COACH
Brand & Media Manager
Permanent · London
REISS
Brand & Comms - Marketing Manager
Permanent · LONDON
HEAD OFFICE
Digital Product Manager – Identity And Account
Permanent · LONDON
HEAD OFFICE
Senior Marketing Planning Manager – John Lewis Financial Services
Permanent · LONDON
HEAD OFFICE
Buyer, Waitrose & Partners (Level 7)
Permanent · BRACKNELL
JOHN LEWIS
Loss Prevention Partner
Permanent · DARTFORD
HEAD OFFICE
Buyer, Waitrose & Partners (Level 5)
Permanent · BRACKNELL
SELFRIDGES
Product Manager
Permanent · LONDON
NEW LOOK
Sales Manager
Permanent · METROCENTRE
FRASERS GROUP
HR Business Partner
Permanent · SHIREBROOK
EVERLAST GYMS
General Assistant - Everlast Fitness (Maternity Cover)
Permanent · ROYTON
PHV
Marketing Executive, UK, Ireland & Nordics (Tommy Hilfiger)
Permanent · London
JIGSAW
Warehouse Operative
Permanent · SWINDON
TJX EUROPE
Loss Prevention Graduate Programme (2023)
Permanent · Grand Londres
ZARA
Visual Merchandising Manager (Kidswear) - Zara - Kingston
Permanent · KINGSTON UPON THAMES
Ads
Published
Jun 7, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Up to 70 UK malls at risk of closure says LDC

Published
Jun 7, 2021

A gruelling year for physical retail comes into stark focus with news up to 70 of the UK 700 shopping centres could be set for demolition. Even more ageing centres are in line for partial redevelopment into homes, offices or for other uses, according to a report by the Local Data Company.


Photo: Pixabay


The grim forecast shows just how much the pandemic dealt a blow to those malls already suffering from the rise of online shopping and over-expansion of retail space.

The report shows at least 30 shopping centres in the UK are now at least half empty, including five with more than 80% of their stores vacant after the pandemic hit non-essential retail over the last 15 months.

A further 34 have between 40% and 50% of their stores vacant according to a Local Data Company analysis of centres in England, Scotland and Wales with at least 10 retail units in them. 

However, the analysis doesn’t include outdoor retail parks which fared better during the pandemic.

“There’s no doubt that the Covid-19 pandemic has exacerbated many of the challenges we were seeing across the physical retail environment, with shopping centres having been particularly exposed to categories in decline, such as fashion and casual dining,” Lucy Stainton, the commercial director at LDC, told The Guardian newspaper.

She says the indoor nature of most schemes and their lack of “essential retail”, such as food or hardware, has put them at a particular disadvantage with the number of vacant units increasing as a result.

Stephen Springham, the head of retail research at property advisory firm Knight Frank estimates that about 10% of shopping centres are no longer viable. He also told the newspaper that “many shopping centres have been left too long and need a radical rethink”.

He believes a further 20-30% – about 200 – will need a significant overhaul, with stores retained but parts of the centres converted to homes, offices or other uses.

Shopping centres already set for redevelopment are Nottingham’s Broadmarsh, where demolition starts this month, Stockton’s Castlegate, the Riverside centre in Shrewsbury, the Chilterns centre in High Wycombe, and Nicholsons in Maidenhead. Work has already begun to knock down South London’s Elephant & Castle centre.

Stainton added: “There are fresh opportunities for how this space could be used such as flexible offices or community spaces. Likewise, the independents sector has remained comparatively resilient and where shopping centre space has typically been dominated by chains, landlords might look to engage newer brands creating more diverse schemes by return”.

Copyright © 2023 FashionNetwork.com All rights reserved.