PUBLISHED: 08:30 13 August 2018 | UPDATED: 08:30 13 August 2018 The Barclays Bank branch in Eaton, which is to close. Bank branch closures are hastening the decline of other high street traders, a new report says. Picture: Archant Archant The recent raft of bank branch closures is hastening the loss of local shops on the high street, new research suggest. A survey released by Nottingham Building Society found that 46% of shop owners blame the loss of a local bank branch in the last three years for negatively impacting their business, while 24% said it contributed to them going out of business within the last five years.Small business owners are suffering as a result of lower footfall, with around 36% of consumers saying they would make fewer visits to their town or village once their local bank branch closed.Around 40% said they would make at least three fewer visits a month as a result.Shop owners in areas affected by branch closures estimate that their annual revenue dropped by … [Read more...] about Bank branches closures are speeding up high street decline, report finds
High street stores
This high street store is selling Tommy Hilfiger jewellery for as little as £34
Tommy Hilfiger has released the most beautiful collection- and it's not as expensive as you would think. The top designer brand- which is known for it's collection launches with no other than the model of the moment Gigi Hadid, now has an affordable jewellery line we could all get our hands on. H Samuel is one of the high street stores to stock some of the new collection pieces- AND some of them are even in the sale. Shoppers can pick up some items with HUGE reductions- including these Gold Plated Beaded Bracelet , Gold Plated Heart Stud Earrings and Rose Gold Plated Beaded Bracelet with £15 off and this Gold Plated Beaded Necklace with £27 off. See the full collection here AND- keep an eye out for the new campaign face of Tommy Hilfiger Watches and Jewellery which we will know very soon. … [Read more...] about This high street store is selling Tommy Hilfiger jewellery for as little as £34
Suspected break-in at high street store
THIS was the scene in Northbrook Street, Newbury, this morning (Tuesday) following a suspected break-in at WH Smith. Police taped the store off between 8am and 9am and could be seen inside talking to staff members. Thames Valley Police have yet to provide any official information. Last November 20, Camp Hopson department store in Northbrook Street was broken into between 1am and 2am. On that occasion the offenders made off with clothing and perfume. Police subsequently arrested four men aged 41, 29, 36 and 30, all from Southampton, on suspicion of burglary. … [Read more...] about Suspected break-in at high street store
East Anglian electrical chain fights falling high street footfall with online investment
PUBLISHED: 13:25 17 April 2018 | UPDATED: 14:21 17 April 2018 Sarah Chambers Robert Hughes. Picture: SIMON FINLAY Archant © 2011 01603 772434 An East Anglian electrical retail chain has succeeded in countering falls in high street footfall by investing heavily in its online offer. Hughes Electrical managing director Robert Hughes said the investment was paying off, with 14 times more onlines sales per head of population within 10 miles of one of its 40 stores. East Anglian high streets saw shopper numbers fall by 5.6% in March compared to the previous year, figures released by , partly driven by weather, but partly by long-term trends, BRC-Springboard Footfall and Vacancies Monitor show. Across the UK, the average drop in footfall was even greater at 6%. “Electrical products tend to be a considered purchase with the majority involving both online and instore research - 58% of all purchases are then made in store, 35% online and seven per cent through click and … [Read more...] about East Anglian electrical chain fights falling high street footfall with online investment
Beast from the East delivers biggest drop in high street sales in almost a decade
PUBLISHED: 13:10 06 April 2018 Josie Clarke Sudbury shoppers brace the snowy conditions. Picture: GREGG BROWN The Beast from the East caused the biggest fall in high street retail sales for nearly 10 years, figures show. Year-on-year sales dropped by 10.1% for March, according to BDO’s High Street Sales Tracker (HSST). The only time a single month has seen a more severe dip was November 2008, when the UK was simultaneously battling snow and a global financial crisis. It was also the worst month on record for fashion sales, which were down 12.7% year-on-year, and homewares, down 13.2%. Sales of lifestyle goods rallied thanks to Mother’s Day, but the sector’s year-on-year dip of 4.5% for the month was still the second worst on record. But the month’s two snowstorms affected online sales as well, with year-on-year growth of 11% the lowest monthly increase since December 2015. The news is likely to be little better looking ahead to April, with the tracker … [Read more...] about Beast from the East delivers biggest drop in high street sales in almost a decade