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Thousands of new stores set to open on local high streets in next year

Thousands of new stores set to open on local high streets in next year
coventrytelegraph.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coventrytelegraph.net Daily Mail and Mail on Sunday newspapers.

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Britain, free of COVID curbs, could see revival of local stores - Barclays


Reuters
2 minute read
People shop in Selfridges department store on Oxford street, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls
July 22 (Reuters) - Britain s retailers could open thousands of local high street stores over the next 12 months as people start to step out again after months of coronavirus curbs, according to research from Barclays.
With home and hybrid working patterns expected to continue into 2022, a quarter of consumers surveyed by Barclays say the best way a retailer can attract them is by opening stores in their local area rather than in city centres.
E-commerce has been the undisputed winner of the pandemic but not far behind are community high streets, as shoppers seek to look local and support the stores on their doorstep, Karen Johnson, the head of Retail and Wholesale at Barclays Corporate Banking, said on Thursday. ....

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Local high streets to see boom in new stores due to hybrid working – report


Local high streets to see boom in new stores due to hybrid working – report
22/07/2021, 12:07 am
Local high streets could see a boom in store openings due to more people working at home. (David Parry/PA)
Local high streets could see 17,000 new stores open over the next 12 months as retailers look to take advantage of new hybrid working models, according to research.
Barclays Corporate Banking found that consumers have returned to physical stores with confidence since restrictions began to ease, with 68% saying they have felt safe, or very safe, to return to the high street.
While there has been a boom in online shopping during the pandemic, 40% of shoppers said they plan to increase their in-store spending, a survey by the bank found. ....

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High streets could see 17,000 new stores open over the next year


High streets could see 17,000 new stores open over the next year
Customers look set to return to shops as lockdowns end
Customers are returning to shops
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