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Shop vacancies at six-year high amid 'maelstrom wrought by pandemic'

Shop vacancies at six-year high amid 'maelstrom wrought by pandemic'
eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.

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Record number of empty shops in Scotland

Record number of empty shops in Scotland
By Kristy Dorsey
Scottish shop vacancies jumped to a six-year high in the first quarter of this year, with the rate of empty outlets highest among shopping centres.
In figures said to lay bare the “maelstrom” wrought by the pandemic, the latest Vacancy Monitor released today by the Scottish Retail Consortium (SRC) shows that 15.3 per cent of all shops are now lying empty, up from 14.4% in the final three months of last year. Compared to the first quarter of 2020, the vacancy rate is up by 2.4 percentage points.
One out of five shopping centre units are now unoccupied, with the vacancy rate rising to 20.1% from 18.2% in the previous quarter. Lucy Stainton of Local Data Company, which produces the monitor in conjunction with the SRC, said their lower proportion of “essential” retailing and reliance on declining categories such as fashion, department stores and casual dining has left shopping centres particularl ....

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How Wales' shopping centres can survive with values 'absolutely murdered' and top chains disappearing

How Wales shopping centres can survive with values absolutely murdered and top chains disappearing
The UK retail sector is undergoing a seismic change and nowhere is that more visible than in its dormant shopping centres. Could a model based around residential and leisure be their salvation?
16:23, 14 FEB 2021
Updated
Inside Newport s Friars Walk shopping centre. The closure of non-essential shops has been bruising for centres throughout the UK (Image: Matthew Horwood)
On 2 December last year Debenhams website crashed amid surging demand, with massive queues reported at its Oxford Street shop in London.
As shoppers jostled to grab cut-price deals on designer handbags, perfume and scarves, it was a sad irony that the increased popularity was due to a blowout sale marking the end of the 200-year-old brand as we know it. ....

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