Abstract
Introduction
Verdict' s new retail in the regions series utilises data from the Local Data
Company to profile 712 retail locations across the UK, as well as giving
overviews of the comparative performance of the major regions. The 11 briefs
cover East Midlands, Eastern England, London, North East England, North West
England, Scotland, South East England, South West England, Wales, West
Midlands and Yorkshire.
Scope of this research
- Number of units, shops and gross floorspaces of all town centres
- Vacancy rates for 2008 and 2009 by units and floorspace and degree of
floorspace churn for all towns
- Proportion of multiple retailers in a town and ratio of comparison,
convenience, leisure and service retailers in a town
- Each brief comes with accompanying excel databook
Research and analysis highlights
The north-east is the poorest performing region in UK retail , with vacancy
rates of 9.7%. Average weekly expenditure per person is far lower than any
other region and unemployment is the highest in the UK.
London dominates the UK regions by retail scale. Though it is second to the
South-east for population size it has by far the most retail centres, number
of shops and retail floorspace of any area. Vacancy rates have increased by
just 2.9 percentage points over the past year.
Large towns that have performed particularly strongly include more affluent
areas such as St Albans, Stevenage and Ely. In Essex, areas that are closer to
London such as Harlow and Chelmsford have also proved more resilient, perhaps
reflecting the current lack of retail offer in East London.
Key reasons to purchase this research
- Analyse all the major town centre locations in a region and how they are
performing relatively to each other and their own history
- Compare different UK regions
- See how an area is likely to evolve in terms of future developments
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