Retail industry sees decline in new shop planning applications

Posted on 25 July, 2016 by Steph Cowie

Potential new retail developments have seen a drop in planning applications, according to a recent report by EMW.

Retail Industry sees decline in new shop planning applications

In 2015, there were 6,700 applications for new shop builds, compared to 7,360 in the previous year. The lack of applications has seen a 9 per cent drop in the past year, resulting in a seventh decline in a row.

Before the recession, the year 2008, received 11,900 new shop applications. This has decreased by nearly half, resulting in fewer new retail units.

With the disappearance of traditional brands like, BHS, My Local, and Austin Reed, are e-commerce companies more appealing to the ever changing customer buying habits.

Online retailers, Asos and Boohoo, are effectively generating a large customer base, with their adaptable online shopping experience and every growing marketing campaigns.

Traditional retailers have expanded their online presence, but still they struggle to keep up with the online-only shops.

Aimee Barrable, EMW, commented:

“With online retailers continuing to win market share, high street firms have less of an appetite to open new shops, instead opting to develop online services or squeeze extra profits from existing space by changing the shopping experience or repurposing stores to act more as showrooms or collection points.”

With “recent high-profile closures” this could see retailers acquiring vacant retail units, rather than applying for a new development.

Leaving the EU, may also be a contributor, Aimee continued to say, “it may be that many retailers wait before committing to any new shop developments until they have a clearer picture of the economy in the aftermath of the Brexit vote”.




Leave a Reply

Your email address will not be published. Required fields are marked *


Recent Posts

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market

Oxford_Street_Selfridges_Christmas_Decorations_2017

Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers

Savvy promotions attract early Christmas sales for retailers

Are savvy promotions attracting Christmas sales for retail stores?

Greenfield developments

Greenfield developments: The facts

facts about converting chapels churches

Things to consider when investing in church or chapel conversions

Lincoln Castle 1068

Exploring Lincoln Castle’s Georgian and Victorian Prison

the leopard inn Burslem

Facts about The Leopard Inn, Stoke-on-Trent

ancient high house Stafford

The majestic Ancient High House in Stafford

retro video game arcades

Retro video game arcades: The comeback

industrial style offices

How to achieve an industrial inspired office