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18 high street shops closing per day

Town centres are continuing to suffer despite the upswing in the economy, a leading accountancy firm has found.

High street shops were closing at a rate of 18 per day during the first half of 2013, with charity stores, betting shops and cheque cashing outlets filling the void.

British high streets are still suffering a decline despite the burgeoning economic recovery, PwC said. Credit: PA

A study of 500 UK town centres from accountants PwC compiled by the Local Data Company showed 3,366 outlets closed in the six-month period, compared with 3,157 openings, a net reduction of 209 shops.

Video and photography and women's fashion shops suffered the biggest drop in numbers.

Mike Jervis, insolvency partner and retail specialist at PwC, explained: "Upticks in areas such as cheque cashing and pawnbroker reflect a society where a sizeable part of the population is forced to turn to these types of borrowing for basic needs."

Early Ramadan boosts food sales

Worshippers attend Friday Prayers at Langley Green Mosque in Crawley, West Sussex. Credit: Chris Young/PA Wire/Press Association Images

The early timing of Ramadan has helped stimulate food sales, delivering high street retailers a much needed boost, the British Retail Consortium said.

Despite tough comparisons from last year, food sales are up, with drinks and ice cream sales increasing along with the temperatures.


Retailers hoping for royal baby boost

Retailers are hoping the imminent arrival of the Duke and Duchess of Cambridge's baby, expected in the next few days, will give another boost to the high street as shoppers stock up on champagne and memorabilia.

Pregnant Catherine, Duchess of Cambridge, and Prince William, Duke of Cambridge seen on the balcony of Buckingham Palace on June 15. Credit: Press Association/Patrick van Katwijk

In new figures released today, the British Retail Consortium said total high street sales grew 2.9% in June, with real terms growth being at 2.3% over the past six months, compared with 1.5% over the past 12 months.

High street spending up for second month

High street retailers have enjoyed two months of increased consumer spending, according to the British Retail Consortium.

  • Like-for-like retail sales rose 1.4% in June on a year earlier
  • Like-for-like retail sales rose 1.8% in May

The figures lift hopes the retail sector can contribute to growth in the second quarter of this year, with gross domestic product (GDP) expected to rise by at least 0.5%.

'Respectable growth' shows retail recovery 'continuing'

"Respectable" growth figures from the first half of the year show retail is continuing to make a recovery, the head of the British Retail Consortium (BRC) said. Announcing rising sales from May and June, BRC director general Helen Dickinson said:

Despite challenging economic conditions continuing, June saw another strong performance from the UK's retailers, with very respectable overall growth across the categories.

At this halfway point in the year we are able to see that sales are well ahead of the previous six-month period, confirming that the retail recovery is continuing.

Better weather lifts sales for clothes and shoes

The warmer temperatures in May and June lifted sales on the high street. Credit: Press Association

Warmer temperatures in May and June lifted sales of clothing and footwear to give the high street a much needed boost, the British Retail Consortium said.

Sales rose for the second consecutive month in June, raising hope that a recovering in consumer spending was beginning to fuel the economy.


One in five high street shops 'could close by 2018'

More than one in five of Britain's high street shops could close by 2018 as customers turn towards the internet, a study has shown.

File photo of shoppers on Buchanan Street, Glasgow. Credit: Andrew Milligan/PA Wire

Around 62,000 shops will fold in the next five years, according to research carried out by the Centre for Retail Research and reported in the Daily Mail.

The independent retail analysis group estimated that around 316,000 workers would lose their jobs as a result and large areas of Britain's high streets would be turned into housing.

Wales and the North West are predicted to see the highest number of closures, with nearly one in three expected to shut, while the South East is expected to see a 13% decrease in the number of shops by 2018.

Online shopping is expected to surge over the next few years, accounting for 22% of retail spending by 2018 compared to 12.7% currently, the study suggested.

Your say: Has Marks & Spencer lost its shine?

Full-year profits at Marks & Spencer fell to £665 million, their lowest level in four years. Credit: Anna Gowthorpe/PA Wire/

We requested your response to Marks & Spencer's fall profits on our Facebook page, asking has the once High Street favourite lost its shine?

Many of the responses suggested the retailer's pricing was deterring customers.

Clive Templar said "items are far too expensive", while Steve Smith urged the shop to "lower your prices".

It seems few of you were surprised that M&S would suffer a significant slump in clothing sales, while seeing food sales rise.

"Foods nice," Vanessa Ashton said, but added that she "can get nicer, cheaper, good fitting clothes from lots of other stores!"

Margaret Fenwick agreed that the firm had lost clothing customers to other shops, blaming "cheaper quality and inferior goods".

Louise Linter said she preferred M&S when it "sold more classic styles".

However, there was still support for the traditional retailer.

Colin Smith said he would definitely continue to shop at a "great British institution" while Simon Jobson said: "I do love the food there."

High street shops 'must change' to beat online shopping

A Conservative minister believes shop owners must do more if they are to win back customers lost to the internet. Credit: Chris Radburn/PA Wire/Press Association Images

High street retailers must change the way they do business if they are to beat rising threat of online shopping, a minister has warned.

Mark Prisk, the housing and local government minister, told the Daily Telegraph shop owners must do more if they are to win back customers who have turned to the internet.

The warning comes as the Department of Communities and Local Government today awarded seven towns a share of £1 million in return for successfully breathing new life into their high streets.

Mr Prisk said the Government is doing "all it could" to help shops survive, including reducing business rates and encouraging local councils to be more flexible with parking.

"We will keep providing support where it is needed, but it takes more than funding to make this work," he told the Daily Telegraph.

"As consumers, our behaviour has changed. High streets need to respond to that change if they are to prosper."

Sports Direct deal saves 2,100 jobs at Republic

More than 2,100 jobs have been saved by Sports Direct International's purchase of 116 stores from fashion retailer Republic.

The Sports World group was founded by Newcastle United owner Mike Ashley. Credit: Peter Byrne/PA Wire

The Sports World group has also taken over the stock, along with the group's head office in Leeds and its websites and brands SoulCal, Fabric and Crafted.

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