61% of Brits worried high street will disappear

SAHAR NAZIR | February 8, 2019

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Over 60 per cent of Brits are worried that the high street will completely disappear within the next decade due to the current rapid store closures.New research by KIS Finance surveyed 1000 Brits and found 61 per cent of respondents worried about the key retail destination. The survey also found that northern cities have by far been hit the worst by store closures. Food and drink, discount and fashion brands are predicted to be the next big closures of the high street. The research found that if local high streets had free parking and easy accessibility, consumers would be more likely to shop in-store. It mapped out which cities had been hit the hardest by the major store closures of the last year, including those announced already in 2019 such as Marks and Spencer. This revealed northern cities such as Leeds and Glasgow had been hit far harder than their southern counterparts.

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