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Independents stand strong in beleaguered shopping sector

By: Language: English Series: Property Week ; 77(24) 17 June 2011, 36(1) Publication details: 2011Subject(s): Summary: Independents seem to have weathered the recession in the retail market better than the multiples, many of which have left the high street for shopping centres or retail parks, downsized or failed. Independents have reinvented themselves more effectively than multiples and independents' closure rates have significantly reduced in the last two years with 2011 starting well for them. More than 65% of the half million retail premises tracked by the Local Data Company are independents which take up 35% of the total floorspace in smaller units.
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Journal article London Journal article L153195 (Browse shelf(Opens below)) 1 Available 153195-1001

Independents seem to have weathered the recession in the retail market better than the multiples, many of which have left the high street for shopping centres or retail parks, downsized or failed. Independents have reinvented themselves more effectively than multiples and independents' closure rates have significantly reduced in the last two years with 2011 starting well for them. More than 65% of the half million retail premises tracked by the Local Data Company are independents which take up 35% of the total floorspace in smaller units.