Vacancy Rates Remain High Amidst Online Shopping Boom
- One in seven UK shops remain vacant
- Fashion stores hit hardest
- Customers shifted to online shopping during pandemic
A recent report by the Local Data Company and the British Retail Consortium (BRC) has revealed that over one in seven shops in UK high streets, retail parks, and shopping centres are currently vacant. Fashion stores have been hit particularly hard as customers increasingly turn to online shopping due to the pandemic and a lack of occasions to dress up for.
Factuality Level: 10
Factuality Justification: The article provides accurate information based on data from reliable sources and presents it in a concise manner without any unnecessary details or personal opinions.
Noise Level: 3
Noise Justification: The article provides relevant information about the number of vacant shops in UK high streets, retail parks, and shopping centers based on data from reputable sources. However, it lacks analysis or exploration of possible reasons behind this trend, solutions, or actionable insights for readers.
Financial Relevance: Yes
Financial Markets Impacted: This information impacts retail companies and their stocks in the UK market.
Financial Rating Justification: The article discusses the high number of vacant shops on UK high streets, which can affect the performance of retail companies and potentially impact their stock prices. This has financial relevance as it relates to the retail industry and its performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in this article.
www.retailsector.co.uk