High Street vacancies at four-year high

Josh Hall's picture

There are more vacant shops on British High Streets than at any time during the last four years.

This is according to new figures from the British Retail Consortium, which found that one in ten shops were vacant in July.

Meanwhile High Street footfall fell by 1.9 per cent compared with the previous month, and shopping centre footfall by 3.1 per cent.

According to the BRC, consumers shunned the High Street because of warm weather.

But the impact of online shopping also continues to have an impact, with consumers preferring the choice and convenience of internet retail.

In July, only out-of-town shopping centres enjoyed an increase in footfall, seeing a rise of 1.2 per cent.

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