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IS YOUR HIGH STREET ON A HIGH OR A LOW? - Simon Reeve

Simon Reeve

Is your high street on a high or is it on a low?

•  ONLY A QUARTER THINK THEIR HIGH STREET IS IMPROVING – WITH ONE IN FIVE SAYING THERE AREN’T ENOUGH SHOPS

•  DESPITE THIS, 4.7 MILLION ADULTS VISIT THEIR HIGH STREET EVERY DAY

•  GOVERNMENT-BACKED INITIATIVE AIMING TO FIND THE UK’s BEST HIGH STREETS

Much has been said in recent weeks about the future of high streets up and down the country, with several big named retailers announcing cutbacks. But are attitudes towards local high streets – in some cases the lifeblood of communities across Britain - as strong as ever?

Research out as part of the Government-run Great British High Street Awards 2018, reveals the majority (70%) of Brits visit their local high street at least once a week, and 4.7million adults (9.2%) across the UK go every day. However, only a quarter (27%) describe their patch as ‘improving’.

What’s more. a fifth (21%) claim there aren’t enough shops and services to meet their needs and nearly two thirds (63%) say they feel ‘neutral’ or ‘not very optimistic’ about their high street’s future, even though appetite for thriving high streets is clear: four-fifths (81%) would miss theirs if it no longer existed.

The study also unveiled that retailers are feeling confident.  More than half of the nation’s independent high street retailers are optimistic about the future of their local high street. With 53% of independent retailers describe themselves as ‘optimistic’ or ‘very optimistic’ about the future of high streets, and less than one in five (17%) feeling cause to be pessimistic.

So, what’s happening with high streets in the UK?

•  Independent retailers in East Anglia are the most optimistic about the future of the high street, compared to those in Manchester who are the least optimistic;

•  Wales is the place most likely to see a big rise in high street coffee shops over the next five years according to local independent traders, while Scotland will most likely see high street shops converted into housing or office space over the same period

• Independent retailers in Yorkshire are the most likely to use other social media platforms as ways to engage with customers

• Shoppers in the West Midlands are the most likely to say they’ve seen more improvement in local high streets than anywhere else, while those in Northern Ireland have the least optimistic outlook when it comes to their high streets

Biz spoke to Simon Reeve, Travel and TV presenter who has been visiting our local high streets:

Let's Talk Business: Is Your High Street On A High Or On A Low? Simon Reeve Speaks.

Travel and TV Presenter Simon Reeve spoke to Biz on your local high street, the changes and SME's not wanting to use loyalty schemes

Why aren't SME's embracing the loyalty scheme for their customers? If your business embraces the loyalty scheme, has it been beneficial? If not, why? Biz would like to hear from you, join our Twitter discussion. 

guildford high street