Half of retailers considering leaving High street, according to survey

Only 53 per cent would stay on High Street; survey follows warning of 20 per cent shop closures in five years.
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A survey of retailers has revealed that nearly half would leave the High street for cheaper out-of-town premises.

The survey was conducted across 640 retailers from a range of sectors by Cybertill and revealed that only 53 per cent would not entertain abandoning the High Street.

Act Smart reported that the survey was carried out reports from the Centre for Retail Research warned that 20 per cent of shops could close within five years.

It has been revealed that one in five retailers would consider moving from the high street to out-of-town premises.

Reasons given by the retailers include lower rents, free parking and more space for deliveries and multi-channel retailing.

'Less passing trade' was the main reason given by those who said they would not move.

Ian Tomlinson. chief executive of Cybertill, said: "The high street is struggling with many retailers complaining about excessive rent and rates.

"Retailers will leave the high street in droves and relocate if it helps them deploy a more successful multi-channel approach to retail where they can trade online, in-store and over the phone."

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