Fewer retail units key to saving the high street: report

ELIAS JAHSHAN | February 20, 2019

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A new report has highlighted how online is not the main reason for today’s struggling high streets while suggesting more support for councils is needed to shift city centre economies away from an over-reliance on retail.The City Centres: Past, Present and Future report found that focusing on the struggles of certain high streets ignores the success of well-performing city centres, and that the “core” problem of insufficient footfall in city centres was actually due to a lack of skilled jobs.It also said the main challenge for poorly performing high streets was not the internet, and refuted the belief that high streets were “dying”. The report came about after think tank Centre for Cities, in partnership with George Capital, mapped UK cities with the strongest city centre economies and identified their common features. It found that successful city centres featured fewer shops, but were supported by “knowledge-based” office jobs – such as those in marketing, finance and law – which created a market for restaurants, bars and other leisure activities to thrive on the high street.

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Ross Stores, Inc.

Over the past 30+ years, Ross Stores, Inc. has grown from a six-store chain into an $12.9 billion, Fortune 500 Company. We operate our off price businesses in a way that keeps costs low so we can pass the savings to our customers. We continue to open new stores and our sales growth has outpaced traditional retailers for the past three years.

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