Retail Developments

It is no secret that the times are tough on the high street for many retailers. Online sales accounted for nearly 20% of sales in November 2017 and the devaluation of sterling has led to an increase in costs in many supply chains. Meanwhile consumers have switched from spending on clothes to spending on leisure pursuits and rises in business rates and the Living Wage and consumer fear of an increase in interest rates have all contributed to woes on the High Street.

However, despite these issues, bricks and mortar still have an important role to play. Shops remain vital for brand recognition, show-rooming and for those customers that still want to try the product before purchasing.