Indie retailers optimistic about their local high street’s future

ELIAS JAHSHAN | May 23, 2019

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Almost three quarters of independent retailers across the UK are optimistic about the future of their local high street, according to new data.The research, launched alongside the government-run Great British High Street.Awards 2019 in partnership with Visa, indicates that confidence in local high streets has surged among small retailers, with 74 per cent of those surveyed feeling optimistic about the future – up from 52 per cent 12 months ago.Visa’s research also shows that 34,511 independent high street shops opened for business last year, up 4.5 per cent on 2017. Meanwhile, the high street is the favoured destination for retailers to expand their business, with 34 per cent of those surveyed planning on opening another high street store in the next 12 months, while 30 per cent intend to employ more staff.

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