Grimsby is alone in the Humber region in not seeing a net decline in shop closures in the first half of this year.
Store closures nationally are at a record high. This is partly due to retailers responding to online growth. A string of retail restructurings has also contributed to a number of High Street closures.
Nationally, 16 stores per day shut their doors in the first half of this year. This resulted in 1,234 net closures, according to figures by Price Waterhouse Cooper (PWC) and the Local Data Company. The net decline is the highest level since the survey began in 2010, with twice as many shops shutting than opening.
Analysis of the Yorkshire and Humber region shows continued growth in online shopping and the shift to in-home leisure. However, the region isn’t as hard hit as other areas. Even so, 20 of the top 25 towns are still losing shops. Leeds, York, Sheffield, Doncaster and Bradford took the brunt of the region’s 89 net losses in the first half of 2019, with only Grimsby, Pontefract and Beverley in positive territory.
High streets will continue to change but Grimsby shows signs of hope…..
Image: Mary Vickers (used with permission)