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

Vacancy rates increased as footfall dropped in October

Retailers have been dealt a double blow in October as fewer people visited the high street and the number of empty shops increased.

The British Retail Consortium (BRC) and Springboard said the vacancy rate in UK town centres rose to 10.3% in October, an increase from July’s rate of 10.1% and the first rise since 2013.

Footfall increased by one percentage point in October compared to the previous month, but was still 0.8% lower than the same time in 2013.

Shopping centres were worst affected, down 1.9%, while high street shopper numbers fell by 1.4%. However retail parks enjoyed a 1.9% rise in footfall.

Diane Wehrle, Springboard’s retail insights director, said the rise in vacancy rates was caused by retailers closing loss-making stores. “We need to  become accustomed to an increasing vacancy rate over the next year as this accelerates,” she added.

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.