Retail: The Future of High Streets and Online Shopping
As FashionCapital reported a few weeks ago the latest statistics, according to PwC research compiled by the Local Data Company (LDC), reveals that a record net of 2,481 stores have disappeared from Great Britain’s top 500 high streets in 2018. In total, 3,372 shops opened, compared to 5,833 closures. Last week national department store Debenhams announced 22 of its 50 stores would be closing as a part of its restructuring plan. Store closures have hit the headlines consistently over the last four years, spending is down and there has been a shift towards online shopping – so what does this mean for Britain’s high streets and town centres?
Tomorrow 1st May, Jenny Holloway CEO of FashionCapital / Fashion Enter Ltd will join APPG for Textiles and Fashion along with policy leaders, retailers and academics to discuss how to navigate the rapidly changing retail environment.
media and organisations have been quick to respond, with the Housing,
Communities and Local Governments Committee launching and concluding an inquiry
into the High Streets and Town Centres in 2030.
Speakers at ‘Retail: The Future of High Streets and Online Shopping’ will include Frances Card Advisor to Fashion Roundtable and Former COO at matchesfashion and Will Jennings from Centre for Towns. The discussion will take place from 1.30pm on Wednesday 1st May in Parliament Street, Westminster.