14 Chain Shops 'Close Every Day'
IKAST, Denmark, July 27, 2012 /PRNewswire/ --
It has been announced that an average of 14 town centre chain shops were closed every day in 2011. The dramatic increase in chain store closures is thought to be the result of a change in shopping trends of UK consumers, as potential customers move away from their local high streets in favour of out of town retailers and online shopping platforms.
Greater London saw the greatest fall in stores run by chains, down 101 shops, but the South West, Scotland, North East and Yorkshire and Humberside were also affected, while Wales, the West Midlands, South East, North West and East Midlands saw a slight increase inÂ the amount of stores opening.
Figures from the Office for National Statistics show that UK retail sales volumes fell 0.4% between December and January, adding to doubts about the futures of the shops on our high streets. It is believed that he decline was due to retailers bringing forward January sales to in order to attract hard up customers before the Christmas period.
Studies have shown that stores selling books, electronic items, menswear, womenswear, home furnishings and holidays were the most affected in 2011, along with off licenses, bars and pubs. In fair reflection of the economic situation, charity shops, credit unions and convenience food retailers all increased their store numbers. A reduction in disposable income and a growth in the amount of online spending has in turn placed pressure on high street retail space. Businesses will not continue to pay premium prices for space that is not earning its keep.
Online retailer "Label Yourself" specialises in event wristbands, sticker labels, name tags and name labels for kids clothing. Established in 1986, they are becoming a popular choice when it comes to ordering event wristbands and personalised labels. An online only premise, they have been unaffected by last year's spate of high street closures. They receive orders and deliver worldwide at a flat rate shipping cost of Â£2.95 per order. Owned by Jane, Ulrik and Bodil Lauritsen, it is a family business, comprising siblings Ulrik and Jane with their mother Bodil.
The spokesperson for Label Yourself commented: Â "We have been largely unaffected by last year's large rate of high street shop closures. During August and September, we saw an increase in our orders as parents prepare name tags for clothes, and organisers require identification wristbands or stickers for large end of summer events. Online shopping platforms such as ours are becoming the more popular method of shopping - with a worldwide delivery charge of only Â£2.95, customers are opting for the hassle-free choice."