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.
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