High streets are beginning to evolve under pressure from a combination of weak economic growth and changing consumer habits, according to a new survey.
Research from the Local Data Company (LDC) and the Oxford Institute of Retail Management found that the number of shops selling products which are in the process of being digitised has fallen by 13 per cent over the last two years.
The study also found that the number of chain stores had declined by five per cent since 2011. However, the number of value shops has increased by 12.4 per cent over that period as the squeeze on household budgets persists.
"The level of detail and analysis that this research has shown is, in my view, a key component to understanding the fundamental changes taking place in our town centres," said LDC director Matthew Hopkinson.
A recent poll from broadband comparison site Broadband Choices found that more than a third of those questioned did the majority of their shopping online, an indication that more people are using the web to order parcelsand other items.
Author: Adrian Medland