The British Retail Consortium say that footfall to High Street retail premises has plunged 2.6% in the past twelve months. The East of England, Wales and the West Midlands have seen the greatest number of people turning their backs on Town Centre spending by as much as a reduction in numbers of 9.2%.
The result of this continuing shunning of bricks and mortar shopping by consumers has resulted in the average High Street experiencing a premises vacancy rate of 11% across the UK. The North and Yorkshire are amongst the hardest areas hit with empty shops at a rate of over 13% typically.
9.8% of all High Street estate agency premises have closed down since 2008, says Ordinance Survey.
By contrast, online sales of consumer goods are significantly UP in 2011, says the IMRG Capgemini e-retail sales index.
June alone saw a 21% increase in internet spending compared to the same month last year.
Chris Webster, head of retail consulting and technology at Capgemini said: “A 21% year-on-year increase in June is a perfect way to round off the first half of 2011, as it is consistent with what has been to date a very strong year. Bank holidays, soggy weekends and major sporting events encourage us to go online for our shopping – it’s quick, it’s convenient and we can do it 365 days a year.”
Russ Carroll, UK Managing Director of Shopping.com is also quoted as saying: “Shopping behaviour clearly reflects the weather and time of year, with sports and outdoor equipment registering the largest year-on-year growth on Shopping.com. Baby care, mobile phones and toys all showed strong growth too as people turned online to find the best deals.”
Rather like using an online estate agent. Online estate agency represents just 5% of all property instructions currently. However that number is growing steadily as more home sellers discover that there is an alternative to using an expensive High Street agent and with their limited marketing, extortionate fees and shorter opening hours compared to leading internet estate agents like eMoov.co.uk.
eMoov have just recorded their most successful month ever, smashing their previous best month by 31% in new business.
eMoov are trending…