This ad will be closed automatically in X seconds.

Bira warns of high street pressures

The British Independent Retailers Association (Bira) is warning that high street retail is ‘still under considerable pressure’, following new figures from the Office of National Statistics (ONS) suggesting it is in recovery.

Positive data from the ONS has been interpreted to suggest high street trade is improving post-lockdown. However, Bira’s ceo, Andrew Goodacre thinks that this is misleading.

“Any retail sales growth is driven by food and on-line. It is wrong to say that we are returning to normal and the 7,000 job losses announced by M&S this week are evidence of that,” he said.

“Footfall is still 30-40% down on normal levels – depending on location; clothing and footwear sales are down 15% and 25% respectively. And yet, online sales, non-food, were 50% of total retail sales in June, an increase of 10% compared to May even though shops opened.”

Andrew stated that high street retailers were ‘still under considerable pressure’.

He added: “We need to look at all the figures behind the headlines because growth is being driven by food and on-line purchases

“With third quarter rents due at the end of September we are concerned that many independent retailer will struggle to make their business model work.

“Twenty per cent could not pay rent in June and cold face business closure in the autumn.”

 

Top: Shoppers in York.

MORE NEWS
plastic (1)
 
BHETA campaign to prevent tax on plastic housewares gathers momentum....
Ambiente
 
Digital Day will take place on April 20, and Ambiente returns in February 2022 ...
Dunelm (1)
 
Total sales for homeware chain up 11.8% in latest trading report despite closures....
WhamUK
 
Manufacturer continues to invest to ensure resilience and agility for future....
Mags
 
New research on what consumers are reading, and what they don’t want to read....
JL
 
Housewares retailers take further actions to keep customers and staff safer....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.