Two-thirds of Brits 'think High Street will disappear for good'

Josh Hall's picture

Six in ten Brits think the nation's High Streets will vanish within the next ten years.

This is according to new research from KIS Finance, which polled UK residents about their predictions for the future of retail.

According to the study fashion, food, beverage, and retail brands are set to be the biggest victims of a shifting retail landscape, as spend moves further online.

This follows a separate report this week from the British Retail Consortium, which found a 4.8 per cent drop in High Street footfall last month.

This represents the biggest drop in retail visits in six years, and follows a 0.5 per cent increase in the previous month.

But the KIS study also hints at some potential solutions for traditional High Street retail.

It identifies convenience as a key deciding factor for consumers, with respondents saying they would be more likely to choose High Street retailers over their online competitors if free parking and easy accessibility could be provided.

When asked what else could tempt them back to traditional retail, 41 per cent said more staff to make the shopping experience quicker, and 34 per cent said a clearer stock-check system.

Meanwhile one in five (27 per cent) said they would return to the High Street if it could provide 24-hour service.

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