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ARTICLE · 21 APRIL 2015

The Changing Face Of Retail Floorspace

The woes of recent years for the UK’s retail sector are hardly new news

United KingdomReal Estate and Construction

The woes of recent years for the UK's retail sector are hardly new news. But is the well-worn, arguably rather generalised, line that 'there's too much retail floorspace in the UK' really true, especially when the internet is at play?

We've just seen the latest in a pretty long line of UK retailers announcing reviews of their portfolios with a leading DIY chain revealing a two year store closure programme and another high street retailer saying that a third of its stores are under review from a property perspective – for this company that doesn't mean closures, but it's pretty likely to be a sign of some under-utilisation. And we know from other parts of the retail world that these household names are far from alone.

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