The changing face of retail

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Numerous headlines have declared the decline, or death, of the high street and, indeed, many facts would seem to support this point of view. Using data supplied by the Local Data Company, Deloitte has analysed what has happened to nearly 5,800 shops impacted by 27 of the most high profile retail administrations.

We ask: what has happened to the space that was vacated? Who has reoccupied the shops that were left behind? How long has it taken for landlords to find new tenants and what, if any, regional patterns can be detected? In short, where did all the shops go?

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The changing face of retail

  1. 1. www.deloitte.co.uk Where did all the shops go? Of the shops that were vacated Out of more than 4,000 shops vacated as a result of these administrations only: •13 converted into betting shops •36 into coffee shops •and 73 into charity shops CONTRARY TO POPULAR BELIEF... Scotland 13.1 Months Reoccupied Reoccupied Reoccupied There are regional variations in the time it has taken to find new occupiers on the high street 1 in 5 of all re-lettings 3 in 20 of all re-lettings 1 in 10 of all re-lettings 13 DISCOUNT STORES ARE THE WINNERS Number of re-lettings of shops vacated as a result of administrations. 36 On the High Street Shopping Centres Stand-Alone Sites In Retail Parks FASHION DISCOUNT SUPERMARKETS 16% 20% 11.5% 73 GROCERS HEAD TO THE HIGH STREET Of all the vacant shops the grocers re-occupied: Total occupancy occupancy High Street Retail Park occupancy 63% occupancy 71% Shopping Centre 19%

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