#high-street

#high-street

Rising costs have put immense pressure on small high street businesses, pushing many to consider closure or selling due to financial viability concerns in the next few years.

Total like-for-like retail sales in discretionary categories remained below inflation in June, compared to a positive base of +3.2% in June 2024.

The potential closure of WH Smith in Stevenage highlights the challenges faced by local communities, relying heavily on remaining retail options as vacancies rise.

The Chancellor's announcements regarding business rates were underwhelming; lacking significant reform and instead offering inadequate relief measures that jeopardize the retail, hospitality, and leisure sectors.