The UK Retail Landscape
The UK retail landscape is in constant flux. The high street evolves to accommodate changing trends, and as a ...Read More
The UK retail landscape is in constant flux. The high street evolves to accommodate changing trends, and as a result of the economic climate. 2019 saw both growth and decline in a number of retail categories, as well as the emergence of new players in the retail market.
The latest GB Retail & Leisure Market Analysis report from Local Data Company, GB Retail & Leisure Market Analysis, reveals how the retail landscape changed in 2019.
We have used this data to develop a visualisation that outlines the top performing retail categories based on new openings, the retail categories in decline based on closures, and the top early stage retail growth category.
The health and beauty retail category thrived in 2019. They made up 6 of the total top 10 categories (Barbers, Beauty Salons, Nail Salons, Health Clubs and Gyms, Alternative & Complementary Medicines, and Hair & Beauty Salons).
It’s clear from this list that fashion retail is in decline in UK high streets. These categories made up 2 of the top 10 retail categories in decline (Women’s Clothing and Men’s Clothing).
Vegan restaurants take the top spot as the early stage growth category. We recently explored the rise in UK veganism and the increase of restaurants on our blog, you can take a look at the article here.
If you’re thinking of opening a new retail business, or looking to get better rates, use our online quote tool or call us today on 0800 411 8830.
Jack Coyle was very helpful and…
"Jack Coyle was very helpful and efficient. Thank you"This review was posted by Krista Tutin on the 21st of October 2020
the best service agent for switching…
"the best service agent for switching electricity"This review was posted by Ultimate Craft on the 21st of October 2020
Big saving everyone
"Big saving everyone. I recommend this company 100%. A big thank you to Cheryl my business manager she’s amazing."This review was posted by HARMEET SINGH on the 20th of October 2020
"Awesome service. Potentially saved my business over 4k over the next 3years! Brilliant."This review was posted by Kat Banks on the 16th of October 2020
5 star service
"My account manager is Cheryl and she has made switching utilities so much easier. I never feel rushed to making a decision or feel any pressure. She offers great advice and explains everything so I completely understand. I first used Switch My Business a few months ago and because of the service I received, they were the first call for my current renewal. I highly recommend them."This review was posted by Kerri on the 13th of October 2020