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MaryCowles85: Created page with "he proportion of shops in Britain lying empty has hit a new record of 14.6% in February, according to figures compiled by the Local Data Company. Vacancy rates had begun to s..."

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Created page with "he proportion of shops in Britain lying empty has hit a new record of 14.6% in February, according to figures compiled by the Local Data Company. Vacancy rates had begun to s..."

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he proportion of shops in Britain lying empty has hit a new record of 14.6% in February, according to figures compiled by the Local Data Company.

Vacancy rates had begun to stabilise at the end of 2011, but they have risen in January and February, the LDC said.

It is further evidence of a difficult start to the year for retailers.

Consumer confidence also slipped back in February, the latest survey from Nationwide indicated, largely due to concerns about employment prospects.
Continue reading the main story
�Start Quote

It is a timely reminder to the government... of the significant challenges facing town and city centres up and down the country�

End Quote Matthew Hopkinson Local Data Company

* High Street casualties
* Cautious consumers 'pay off debt'
* Job woes hit consumer confidence
* Sharp decline in UK retail sales

There was an increase in the number of respondents describing their economic situation as bad.

"Consumers also scaled back their expectations for the future, with the forward-looking aspects of the index weakening during the month," said Nationwide chief economist Robert Gardner.

New figures from the Bank of England, also released on Friday, back this up.

Cautious consumers are choosing to pay off credit cards and loans, rather than take on new borrowing, the data indicate.

Evans Cycles, one of the UK's biggest bike retailers, told the BBC's Today programme that it was having to be very conscious about prices.

"We are peddling into a headwind in terms of the consumer economy," said chief executive Nick Wilkinson. "Confidence remains low, getting people to spend money on a bike is about persuading them that it is value for money."

However, Nationwide added that the number of consumers planning to buy household goods - an indicator of confidence - was higher in February than a year earlier.

This reflects official retail sales data for the month, published by the Office for National Statistics (ONS) on Thursday.

Sales volumes declined by a larger-than-expected 0.8% in February, the ONS said.

But they were still 1% higher than a year earlier.
'Damaged' High Streets

The Local Data Company said the rise in empty premises was "not unexpected" as retailers continue to cut back and even go bust.

Game, which has 600 High Street branches in the UK, said this week that it was going into administration after key suppliers stopped doing business with them. It is continuing to trade while it tries to find a solution to its debt problems.
Continue reading the main story
'Most at risk towns and cities'

* Bradford
* Derby
* Wolverhampton
* Southampton
* Hull
* Sheffield
* Swindon
* Warrington
* Stockport
* Nottingham

@@ Line 1: / Line 1: @@
-he proportion of shops in Britain lying empty has hit a new record of 14.6% in February, according to figures compiled by the Local Data Company.
+{{permblock|Spambot}}
-−
-Vacancy rates had begun to stabilise at the end of 2011, but they have risen in January and February, the LDC said.
-−
-It is further evidence of a difficult start to the year for retailers.
-−
-Consumer confidence also slipped back in February, the latest survey from Nationwide indicated, largely due to concerns about employment prospects.
-Continue reading the main story
-�Start Quote
-−
-    It is a timely reminder to the government... of the significant challenges facing town and city centres up and down the country�
-−
-End Quote Matthew Hopkinson Local Data Company
-−
-    * High Street casualties
-    * Cautious consumers 'pay off debt'
-    * Job woes hit consumer confidence
-    * Sharp decline in UK retail sales
-−
-There was an increase in the number of respondents describing their economic situation as bad.
-−
-"Consumers also scaled back their expectations for the future, with the forward-looking aspects of the index weakening during the month," said Nationwide chief economist Robert Gardner.
-−
-New figures from the Bank of England, also released on Friday, back this up.
-−
-Cautious consumers are choosing to pay off credit cards and loans, rather than take on new borrowing, the data indicate.
-−
-Evans Cycles, one of the UK's biggest bike retailers, told the BBC's Today programme that it was having to be very conscious about prices.
-−
-"We are peddling into a headwind in terms of the consumer economy," said chief executive Nick Wilkinson. "Confidence remains low, getting people to spend money on a bike is about persuading them that it is value for money."
-−
-However, Nationwide added that the number of consumers planning to buy household goods - an indicator of confidence - was higher in February than a year earlier.
-−
-This reflects official retail sales data for the month, published by the Office for National Statistics (ONS) on Thursday.
-−
-Sales volumes declined by a larger-than-expected 0.8% in February, the ONS said.
-−
-But they were still 1% higher than a year earlier.
-'Damaged' High Streets
-−
-The Local Data Company said the rise in empty premises was "not unexpected" as retailers continue to cut back and even go bust.
-−
-Game, which has 600 High Street branches in the UK, said this week that it was going into administration after key suppliers stopped doing business with them. It is continuing to trade while it tries to find a solution to its debt problems.
-Continue reading the main story
-'Most at risk towns and cities'
-−
-    * Bradford
-    * Derby
-    * Wolverhampton
-    * Southampton
-    * Hull
-    * Sheffield
-    * Swindon
-    * Warrington
-    * Stockport
-    * Nottingham

User:MaryCowles85 - Revision history

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MaryCowles85: Created page with "he proportion of shops in Britain lying empty has hit a new record of 14.6% in February, according to figures compiled by the Local Data Company. Vacancy rates had begun to s..."