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Retailer Landscape is Changing

12 Nov 2018

London's High Streets are struggling with the retail landscape moving into the online space
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Already wide gap between store closures and openings is growing at a record level

9 Nov 2018

With the new budgey plan being released at the end of October, read all about it and more here. Read more…

The new budget plan is catered to support independent retailers, what does this mean?

3 Nov 2018

With the new budget plan being released at the end of October, read all about it and more here

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75% of retail transactions paid on card

13 Sep 2018

According to latest BRC Payments Survey
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Third of small businesses not driven by profit

11 Sep 2018

According to new report by peak b

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Lib Dems call for new "commercial landowner levy" to replace business rates

21 Aug 2018

The new proposal would see businesses in 92% of local authorities paying less

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Chancellor considering "Amazon tax" for online retailers

13 Aug 2018

Creating a more level playing field for bricks and mortar retailers

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Small businesses feel penalised by "intensive" HMRC investigations

8 Aug 2018

SMEs unhappy with nature of HMRC investigations
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IRC confirms Westminster for Best Small Shops competition reception

2 Aug 2018

Shortlisted retailers will be invited to the Houses of Parliament
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Retailer Landscape is Changing

Posted on in Business News, Political News

London has become one the most attractive places to live and work.

However, the latest research shows the 14 shops are closing in Britain's top 500 town centres every day, with four of those 14 shops in London alone. Insight into the challenges the retail and leisure marketspace is facing shows that Italian restaurants, Furniture retailers, Pubs and Fashion stores are suffering. Reasons behind store closures is down to retailer administrations and Company Voluntary Agreements.

It is predicted that we'll be seeing more store closures in the short term as a result of agreements announced earlier in the year.

The retail landscape and marketspace is evolving and moving towards an online marketspace that is currently dominating. Londoners, like the general UK public, are moving more and more towards online shopping and leisure at home.

These changes are in no way bad news but the opportunity to create new initiatives and innovation to transition into the online space.

The online marketspace is attractive as it is cheap, quick and convenient.

Retailers need to explore new and unique business models that resonate with tomorrow's consumers. As retail is transitioning into the online marketspace retailers need to sit themselves within the online and in-store marketspace to retain consumers and engage with tomorrow's consumers.

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