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Shop occupancy rates improve despite cost-of-living crisis

30 Jan 2023

The number of shops lying vacant on British high streets fell during the final three months of 2022, despite pressure on both companies and consumers from the rising cost of living.
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Bike Europe has reported Halfords’ financial statement demonstrating that cycling sales have dropped to pre-covid levels.

18 Jan 2023

The article reports that, in 2021, Halfords saw its annual cycling sales double and stocks dry up. However, by the middle of 2022, it says, warning signs were appearing as inflation and supply... Read more…

Seaside town bucks the trend with indie retail thriving

16 Jan 2023

Weston-super-Mare seems to be one town in the UK bucking the national trend, with new shops opening and businesses reporting an increase in trade, according to a report by Bristol Live.
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Indie bookshop numbers hit 10-year high in 2022 defying tough retail climate

16 Jan 2023

The number of independent bookshops in the UK and Ireland climbed to a 10-year high in 2022, as the book trade defied the odds in an otherwise tough year for high street retailers.
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New King’s banknotes to enter circulation by mid-2024

12 Jan 2023

New banknotes featuring King Charles are to enter circulation by mid-2024. The King’s portrait will appear on four polymer banknotes (£5, £10, £20, and £50).... Read more…

Government scales back energy bill support for businesses

12 Jan 2023

The government has announced it is to scale back support for businesses and their energy bills after warning that the current level of help was too expensive.
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Sector expertise and user experience counts when it comes to retail finance

10 Jan 2023

With retail finance schemes remaining a preferable route for retailers to boost sales during recession than the financial hit required by heavy product discounting, the Association of Cycle... Read more…

Portugal becomes first EU country to cut VAT on bicycle purchases this year

10 Jan 2023

Portugal has become the first EU country to cut VAT on bicycle purchases this year, from 23% to 6%.
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One in three responds to Big Bike Revival to use bike for one in two journeys previously taken by car

9 Jan 2023

Cycling UK says that its Big Bike Revival programme, which encourages people to get unused bikes out of their garages and sheds and start using them for everyday trips, has led to a third of... Read more…

Busiest year yet for TfL’s cycle hire scheme

9 Jan 2023

Transport for London’s (TfL) cycle hire scheme saw more bikes hired during 2022 than any other year in the scheme’s history, with 11.5 million rentals across the year.
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BBC analysis reveals full extent of changes to Britain’s High Streets

Posted on in Business News, Cycles News

The BBC has published comprehensive analysis of Ordnance Survey data that reveals the full extent of changes to Britain's High Streets after two years of Covid lockdowns and trading restrictions.

Dramatic High Street

The analysis shows that the number of department stores and banks fell significantly, as shoppers moved online. However, beauty salons and tattoo parlours, along with places to eat and drink, thrived, despite social distancing guidance and regulations.

The figures are revealed by BBC analysis of 1.5 million records contained in the Ordnance Survey's "Points of Interest" mapping data, a comprehensive quarterly survey of businesses, facilities and services operating in England, Scotland and Wales.

Overall, there were 9,300 fewer retail outlets in March 2022 than March 2020.
The findings illustrate the changing face of the British High Street from a place to buy things to a place to do stuff - like get your nails done and meet friends for a coffee or a cocktail.

Key highlights include:

The number of clothes shops down 4,300, a fall of 8.5%.

More than 800 High Street banks and building societies closed their doors during the pandemic (-8.1%) along with the loss of more than 6,000 cash machines (-13.2%).

Tattoo parlours and piercing studios have proved particularly popular with 350 more in March this year than before the Covid restrictions, a rise of 8.2%.

The Ordnance Survey data found 700 more pubs and bars were operating after the pandemic. There were also 2,000 more cafes or tea rooms and 4,600 more fast-food outlets.

Independent convenience stores increased by 1,600, a rise of almost 3%.

To view the whole article, click here: https://www.bbc.com/news/uk-63799670

The piece also enables you to find out how the nearest High Streets and shopping areas near you have changed since the beginning of the pandemic.

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