Essential reading for retailers and suppliers in the home improvement market

March shop vacancies best for five years

Published: 8 April 2015
The Local Data Company (LDC) says March's shop vacancy figures are a "cause for celebration", as they fell back to 2010 levels.
March shop vacancies best for five years
The number of empty shops slipped to 13.0%, from 13.1% the previous month.

The overall retail and leisure vacancy rate has also fallen slightly to 11.6% from 11.7% in February.

Matthew Hopkinson, director at LDC, which monitors shops in over 2,700 towns and cities commented: "These numbers are encouraging and reflect the wider positive news on consumer sentiment and spend. These numbers were last seen back in 2010 so it is a cause for celebration!"

But he also warned: "Recent closure news from B&Q and Morrisons show that these numbers can very easily change in the opposite direction. Whilst these numbers show more shops opening, we're also seeing structural change where shops are changing use to alternative uses, and March saw the largest number of demolished properties at 95 (40 in February).

"Whilst one should not underestimate the challenges retailers face with price deflation and a very savvy consumer we're continuing to see the growth of food and beverage outlets on our high streets, which will occupy vacant shops when planning allows."

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


What's driving sales in the cleaning & laundrycare sector?



Latest reader comments

re: B&Q sales dip 2.5%, as showroom sales decline

B&Q bob
Screwfix sales are up because they position new stores close to B&Q stores but then price like for like products cheaper than within BQ ...

re: B&Q kicks off kitchen & bathroom recruitment drive

B&Q bob
Wickes are not alone, Wrens kitchens has seen large numbers of unappreciated BQ kitchen sales staff join them because of BQs attitude ...

re: Toolstation.com excels in Which? website survey

Roger Bishop
This was my first visit to toolstation in farnham but it will definatly not be my last the service was exceptional staff were welcoming i ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

B&Q bob
Ms Laury has overseen perhaps the worst period of BQ history under her leadership, staff have had their wages cut while witnessing their ...

re: Screwfix opens 600th store as business continues to build

B&Q bob
Why is kingfisher giving screwfix lower prices to sell at than their BQ stores? Staff in B&Q suffer constant abuse from trade customers ...

Most read stories

Blog and Comment

Dawn of a new age in customer service

Customer service used to be about answering telephones and responding to written requests, but our fast paced, social media driven society ... Read More >>