UK Shopping Centres: Dead or Alive?
For some years now, there has been a seemingly endless stream of negative headlines surrounding the UK retail sector, in particular the shopping centre market. It is generally accepted that UK retailers now need fewer stores and vacancy rates are very high in some areas, particularly in secondary locations in smaller towns – as high as 30-40% in some cases. But, should we believe all the headlines forecasting doom and gloom in the UK shopping centre sector, and is bricks and mortar retailing really in terminal decline?
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Every physical expansion decision starts with the same question: where does the store go?
900 malls remain in the United States. The top 100 account for half the sector's value.
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