Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Over 100 indies close during first half of 2014

More than 100 independent fashion stores closed their doors for the final time during the first half of this year, while tobacconists (for e-cigarettes), barbers and beauty salons flourished, according to data from The Local Data Company and British Independent Retailers Association (Bira).

Womenswear independents were the biggest casualty, with 60 stores quitting the high street during the period. Their menswear counterparts were not far behind, as 41 stores pulled down the shutters for good.

Shoe shops, stores stocking sporting goods and bridal shops also made the top 10 list of business closures by classification from January to June this year.

Overall, the data found more independent shops opened during this period than at any other time since 2011, but new trends such as a spike in the number of e-cigarette sellers were responsible for the majority of this growth.

Caledonian Road in London, Glastonbury, Westcliff-on-Sea, Nantwich Road in Crewe and Finsbury Park were found to have the greatest percentage of independent retailers, while Salford, Bracknell, Milton Keynes, Solihull and Cwmbran had the least diverse mix.

“The rate of change on the high street continues to increase,” said Michael Weedon, deputy chief executive of Bira.

He pointed to a “big warning” in this data. “The total gain in independents is slowing and if it turns negative, overall vacancy rates will start to rise again. Entrepreneurs are taking risks and opening new shops – everyone concerned with the future of the high street needs to do everything they can to help those new businesses survive.

“There’s a general election next year: this is the time for politicians to show the policies that will help nurture this new growth.”

Readers' comments (1)

  • This is no surprise sadly. With brands wanting to have their cake and eat it, Independents have little reason to continue other than the 'love' of it, though the 'love' doesn't pay the bills as the banks aren't lending. I've never known the trade in such a mess.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.