Mini cost model: The evolution of retail

BOXPARK-shutterstock_1120401749-CMYK

Despite reports of the death of the retail centre, the truth is that owners, developers and local authorities are adapting to use their spaces and assets in new and diverse ways

01 / Pressures

Media reports of the demise of the UK’s retail centres – both high streets and out-of-town shopping centres – have increased in the past few years. But is this an accurate picture? Retail spending has recalibrated back to its 2% year-on-year growth level, last seen about four years ago. While online sales have increased rapidly in recent years, the Office for National Statistics recently revealed that sales at bricks-and-mortar outlets still account for nearly 82% of all sales in this country. 

Despite that, pressure on bricks-and-mortar retail is intense, for five reasons.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Three free news, comment or feature articles per week online
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

 

Subscribe to Building today and you will get unlimited access to:

      • All stories including expert analysis and comment from industry leaders
      • Our league tables, cost models and economics data
      • Our online archive of over 10,000 articles
      • Building magazine digital editions

View our subscription options and join our community