@CentreforCities
Centre for Cities
2 years
💥📑OUT TODAY: Cities Outlook 2022 looks in-depth at how the pandemic has impacted high streets & what this means for our town and city centres. Here are 5️⃣ trends that paint a picture of what’s happening to UK #highstreets .
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@CentreforCities
Centre for Cities
2 years
💻Trend 1: Despite the shift online, most offline spending has returned to normal. 👉Some perceive internet shopping to pose a threat to the high street. Covid-19 prompted online shopping to accelerate, but spending in bricks and mortar stores has mostly bounced back.
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@CentreforCities
Centre for Cities
2 years
👗Trend 2: Fashion is the biggest high street casualty – not hospitality. 👉The fashion industry has been more vulnerable to the shift online and in-store spending on clothes remains well below pre-pandemic levels.
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@CentreforCities
Centre for Cities
2 years
🔀Trend 3: The city centre’s loss was not the suburban centre’s gain 👉There may have been a partial transfer of spending from city centres to suburbs, but not enough for them to outperform their pre-pandemic position.
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@CentreforCities
Centre for Cities
2 years
🏙️Trend 4: Not all town and city centres have been equally affected by the pandemic. 👉 In a reversal of fortunes, it’s the strongest high streets pre-pandemic which have lost the most weeks of sales. The centres of #London , #Birmingham & #Edinburgh were hit particularly hard.
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@CentreforCities
Centre for Cities
2 years
🛍️Trend 5: Returning to normal might not be possible or desirable 👉Uncertainty remains over the future of working patterns, whether the changes provoked by the pandemic will be permanent or temporary, and ultimately what this will mean for the future of UK high streets.
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@CentreforCities
Centre for Cities
2 years
📢 #CitiesOutlook2022 , launched today! Explore the high street's story and more of our data-driven research online ⬇️
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@MalcolmBacchus
Malcolm Bacchus
2 years
@CentreforCities Trend 2: I wonder whether the hit to the fashion industry is partly due to the fact that people are waking up to the fact that sustainability and constantly keeping up with fashion do not go well together. At least I hope it is.
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