2012-09-12 00:00:00 News English https://djnx69zjp3mvw.cloudfront.net/wp-content/uploads/2017/01/08220316/our-changing-high-street_504dd28cf14c1_w587.png Infographic: Our changing high street

Infographic: Our changing high street

1 min read

New research by Simply Business suggests that traditional high street regulars such as cafes, pubs and takeaways are gradually making way for tearooms, wine bars, specialist boutiques and niche shops selling health food, crafty goods and old-fashioned sweets.

Going down

The business insurance provider analysed over 30,000 of the independent retail outlets it insures across the UK, revealing that the proportion of pubs is down by 20% in the last year, whilst cafes are down by 11%, sandwich bars are down by 16% and takeaways down by 3%.

On the up

Meanwhile, wine bars are up 13%, tea rooms up 9% , traditional sweet shops up by 15% and health food shops increased by 42%. Local butchers and bakeries have also seen a revival, rising 21% and 17% respectively,

The research also finds a noticeable increase in the number of shops dedicated to crafty activities. For example, fabric shops are up 44% and home baking shops by 50%, while art and craft shops have seen a 29% rise in the last year.

Here is a look at the findings in  more detail:

Our Changing High Street

by mattspost. Browse more data visualization.

 

Jason Stockwood, CEO, Simply Business, said: “It is encouraging to see that the high street is adapting to the new retail landscape, where savvy shoppers have numerous alternatives including online, out-of-town shopping malls and supermarkets. Our findings show that independent retailers are increasingly looking to specialise or offer something different to alternative outlets, tempting shoppers with a more quirky, unique experience.

“We can also see fascinating evidence that while today’s shoppers still like the finer things in life, they are putting effort into making their own treats and also shopping around for bargains. The rise in fabric shops, bakers’ produce and second hand shops suggests that Brits are becoming more creative and resourceful with how they spend their money.”

What do you think of the findings? Have you seen this on your high street? Is it a trend that’s affecting your small business?

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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