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Viewing report
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GB Retail in the Regions 2010: Wales
Verdict Research Limited, Dec 2010, Pages: 20
Verdicts retail in the regions series utilises data from the Local Data Company to profile 708 retail locations across the UK, as well as giving overviews of the comparative performance of the major regions. The 11 briefs cover East Midlands, Eastern England, London, North East England, North West England, Scotland, South East England, South West England, Wales, West Midlands and Yorkshire.
Scope
- Number of units, shops and gross floorspaces of all town centres
- Vacancy rates for 2008, 2009 and 2010 by units and floorspace and degree of floorspace churn for all towns
- Proportion of multiple retailers in a town and ratio of comparison, convenience, leisure and service retailers in a town
- Each brief comes with accompanying excel databook
Highlights:
The economic downturn and the fall in consumer demand has led to a general increase in vacancy levels across the UK, although some regions have been more affected than others. As well as areas of high unemployment, regions with an oversupply of retail space have also seen vacancy rates rise faster as weaker players are forced out of the market.
In a continuation of last year, we are seeing a split within regions between primary and secondary locations. While the larger centres are holding up well, secondary towns are struggling, with their vacancy rates soaring.
The opening of larger shopping centres and the greater mix of larger retailers in this area are factors behind this split. A North-South split is becoming more noticeable, with lower unemployment rates and higher average weekly spend in the South of the country. Public sector cuts, announced in the spending review, will only make this gap wider.
Reasons to Purchase:
- Analyse the major town centre locations in a region and how they are performing relatively to each other and their own history
- Make a comparison of different UK regions
- See how an area is likely to evolve in terms of future developments
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