Issue - meetings
Future of Retailing in District Centres
Meeting: 03/07/2018 - Planning, Housing and Economic Development Policy Development and Scrutiny Panel (Item 8)
Future of Retailing in District Centres
To Follow – At the time of agenda publication no reports or presentations were available, these will be published and circulated to the Panel and public as soon as is possible.
At the meeting the Panel are due to receive presentations in respect of this agenda item and discuss the matter in more detail.
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Minutes:
The Director for Economy & Growth introduced this item to the Panel. He said that he welcomed the opportunity to discuss the issue and acknowledged that this comes at a time of national headlines reporting the closure of many large retail businesses.
He informed the Panel that this could be due to a number of factors, including;
· Use of technology / online purchases
· Higher costs to businesses – Minimum wage, Rates etc.
· Less cash in the economy
· Change in the tastes of the public
· Chains opening too many outlets
He explained that the Panel would receive three presentations (Matthew Morris (GVA), Alison Herbert (BID) and Rob Dawson (Council’s Business Growth Team) and discuss how the local area can be supported.
Matthew Morris, GVA – Retail and Town Centre Trends
A summary of his presentation is set out below.
Retail Spending
Growth (per annum %) |
1997-2007 |
2008-2011 |
2012-2016 |
2017-2026 |
2027-2036 |
Retail |
5.4% |
-0.3% |
2.3% |
1.8% |
2.4% |
Convenience goods |
0.0 |
-3.1 |
-0.2 |
0.0 |
0.1 |
Comparison goods |
8.3 |
0.7 |
3.9 |
2.8 |
3.2 |
Councillor Lisa O’Brien commented that shoppers were now not simply looking to make pure retail visits they are looking for a leisure experience. She added that since a number of coffee shops have opened in Keynsham that footfall has increased.
Matthew Morris agreed that over the past ten years that food and drink outlets have been the saviour of high streets.
Sales by location
Malls 2014 size 2019 size Growth (2014-19)
£22.9bn 29.7bn 29.6%
Local / 2014 size 2019 size Growth (2014-19)
Other £54.5bn 59.6bn 9.5%
Retail 2014 size 2019 size Growth (2014-19)
Parks 94.7bn 97.8bn 3.3%
High 2014 size 2019 size Growth (2014-19)
Streets 107.2bn 108.0bn 0.7%
Traditional retailing v non-store retailing
Since 2012 growth in retailing has increased between 2 – 4.2%, in comparison growth in non-store retailing which has increased between 9 – 16.4%. A forecast for future years shows a similar trend.
Grocery retail sector – Market shares
Between 2012 – 2017 there has been a degree of change to shopping at one of ‘big four’ supermarkets with Aldi (+2.5%) and Lidl (+1.3%) seeing an increase in custom.
2018 – A tough year on the high street
Jamie’s Italian – 12 restaurants close
Toys R us – closure of UK business
New Look – up to 60 stores to close
Carpetright – 92 of its 409 stores to close
Marks & Spencer – 100 stores to close by 2022
Carphone Warehouse – 92 shops to close
Mothercare – 50 stores to close
Poundworld – closure of all stores
House of Fraser – 31 of 59 stores to close
Retail Trends Influencing Planning Applications
? Re-purposing of out of centre space and vacancies created by store closures – see M&S, Lower Bristol Road, Bath example
? Move from large high end out of centre retail park proposals to more modest value orientated proposals
? Aggressive ‘asset management’ of retail parks
? Slower pace of re-purposing town centre space in the face of change / decline
How can the public sector respond to ... view the full minutes text for item 8
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