The British Independent Retailers Association (BIRA) has said a report recently published which has showcased how the High Street has changed since 2020 is reflective of their findings.
The association, which works with over 6,000 independent businesses of all sizes across the UK, has reviewed the BBC analysis on data retrieved from the Ordnance Survey, and has confirmed the changes.
The report, which can be reviewed here, was compiled from 1.5 million records of mapping data, which shows a comprehensive quarterly survey of businesses, facilities and services operating in England, Scotland and Wales.
It has shown that the number of clothes shops dropped to 4,300 which was a fall of 8.5%, while more than 800 High Street banks and building societies also closed their doors during the pandemic.
Andrew Goodacre, CEO of BIRA said: "This report is interesting and conforms trends we have noticed over the past few years. There has been a growth in 'service retailing' and a decline in the traditional 'comparison goods retailer' - and the pandemic seems to have emphasised this change.
"The closure of large chains, and now banks, is well documented. We have seen many traditional indie retailers change their offer by including services - repairs, product hire and inclusion of cafes in the shop. We expect these changes to continue but we must remember that every vibrant high street needs diversity and should not be dominated by any particular sector," he said.
Mr Goodacre added: "A good high street is a series of inter-dependent businesses working together to create a great place to visit, and independent retail is absolutely integral to that future vision."
Retailers body reacts to changing high street report
(Photo by CARLOS JASSO / AFP via Getty Images)
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By Pooja ShrivastavaDec 08, 2022
Pooja Shrivastava
A passionate journalist with about a decade of experience, Pooja has developed a strong hold on the UK grocery retail sector. From exploring legislative changes, supply chain shifts, consumer buying habits, trends to retail crime, her work is driven by a deep belief in investigating, finding the truth and telling authentic unbiased stories.
Be it convenience pathbreakers, wholesale trendsetters or Post Office Horizon scandal victims, Pooja has an equal flair for deciphering industries as well as human complexities. At Asian Trader, she aims to bridge the gap between policy, trade, and the shop floor, always keeping a finger on the pulse of what matters most to retailers.