Market Research Shows Almost Half of Retailers Would Consider Leaving the High Street

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18th July 2013 11:04 - Retail

A recent survey by Cybertill, retail software specialists, shows that almost half (47%) of retailers would consider leaving the high street. This survey follows a report by the Centre for Retail Research that warned that a fifth (20%) of shops could close within five years.

Results also show that around one in five retailers would consider moving premises to out-of-town locations, whilst more than a quarter (28%) were undecided. Reasons for moving to out-of-town locations included lower rents, free parking, better access for deliveries, more space and an environment that it better suited to multi-channel retail.

The main reason for not wanting to move to out-of-town locations was less passing trade.

Findings show that just fewer than half of all retailers plan to invest in ecommerce above that of any other sales channel, as opposed to that of only one in six retailers planning to invest in stores.

The importance of ecommerce was reflected in the fact that two fifths (40%) of respondents also sell on eBay, with more than one in five retailers selling online on Amazon.

Cybertill Chief Executive Ian Tomlinson said:

“The high street is struggling with many retailers complaining about excessive rent and rates. [And that] this survey clearly shows how retailers are focusing more online than ever before.”

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