They'll love me when I'm gone
Since its the New Year and there doesn't seem to be much news around at the moment the shocking, yet commonly predicted collapse of HMV, Jessops and Blockbuster has made many headlines with the the reason behind their collapse was the move of customers to buying on line. There is little doubt that for products these firms were offering either had moved to digital distribution (music, film) or were brand heavy price sensitive where price transparency was a problem. The Internet was killing the High Street stripping it much loved brands such as Woolworths or HMV where an older generation had fond memories. Soon the High Street with the local baker, butcher and pub would soon to all gone.
Coming to a City or Major Road Junction Near You
However talk is cheap and analysis is hard and boring - numbers, dates and stuff are hard to read through. I argue the main reason why stores are struggling is through a severe lack in demand along with a shift away from shopping in towns but to large shopping centres or retail parks and big box retailers found of a motorway junction from you.Adult Parks
Retail parks and leisure parks are for the casual shopper; they contain shops that sell things you generally can walk away with (clothes, jewellery, food etc) along with anchor stores that if you wished to buy an oversized TV or fridge can supplier a touch-feely experience. Metrocentre, Trafford Centre , Bluewater or the latest Westfield development where looking good to buy clothes to make you look good is the aim.Big Boxes
Big box is for the boring stuff (depending on gender) - food, furniture, sofas, carpets and curtains. IKEA, BnQ, Homebase, for the stuff you can't eat. Sainsbury's Tesco, Asda for the stuff you can.This is all very interesting but where is the proof that Town centres are being migrated? Well I've taken the top 20 shopping centres from wikipedia (http://en.wikipedia.org/wiki/List_of_the_largest_shopping_centres_in_the_United_Kingdom_by_size) and place them on a map. You will notice that it labels most of the big cities Great Britain (Northern Ireland didn't make it) so to add further detail I've added info about all the town centres to show when they were opened, size, visitors etc. (I don't currently have the numbers for the big box stores)
link - top 20 UK Shopping centres: https://maps.google.co.uk/maps/ms?msa=0&msid=207558842850008730121.0004d44bb2336aad46067
Taking the top 20 and ordering by open time the biggest shopping centres were open to the public from 1990 onwards with the largest European shopping centre Metrocentre just missing out but it has grown significantly since it opened in 1984.
Rank | Name | Town/city and county | Region | Opened | Extension | No of Stores | Anchor Tennants | Floors | Size (m²) | Annual visitors | Website |
1st | MetroCentre | Gateshead, Tyne and Wear | North East England | Oct-86 | 340 | 6 | 2 | 194,400[1] | 23 million[2] | http://www.metrocentre-gateshead.co.uk | |
2nd | Trafford Centre | Trafford, Greater Manchester | North West England | Sep-98 | 280 | 6 | 4 | 185,100[3] | 35 million+ (2010)[4] | http://www.traffordcentre.co.uk/ | |
3rd | Westfield Stratford City | Stratford, London | Greater London | Sep-11 | 300 | 3 | 3 | 175,000[5] | no data | http://uk.westfield.com/stratfordcity/ | |
4th | Bluewater | Dartford, Kent | South East England | Mar-99 | 330 | 3 | 2 | 155,700[6] | 27 million (2010)[7] | http://www.bluewater.co.uk/ | |
5th | Westfield London | Shepherd's Bush, London | Greater London | Oct-08 | 270 | 5 | 5 | 149,461[8] | 23 million (2009)[9] | http://uk.westfield.com/london/ | |
6th | Westfield Merry Hill | Dudley, West Midlands | West Midlands | Dec-85 | 309 | 7 | 2 | 140,800[10] | 23.5 million[11] | http://www.westfield.com/merryhill/ | |
7th | Meadowhall | Sheffield, South Yorkshire | Yorkshire and the Humber | Sep-90 | 280 | 10 | 2 | 139,355[12] | 25 million[13] | http://meadowhall.co.uk/ | |
8th | Lakeside | Thurrock, Essex | South East England | Oct-90 | 245 | 4 | 3 | 133,780[14] | 25 million[15] | http://www.lakeside.uk.com/ | |
9th | St. David's | Cardiff, Wales | Wales | May-82 | Oct-09 | 203 | 5 | 3 | 130,100[14] | 38 million (2011/2012) | http://www.stdavidscardiff.com/ |
10th= | Liverpool One | Liverpool, Merseyside | North West | May-08 | 169 | 2 | 2 | 130,060[16] | 24.6 million (2010)[17] | http://www.liverpool-one.com/ | |
10th= | Manchester Arndale | Manchester, Greater Manchester | North West England | Jan-75 | Jan-03 | 210 | 7 | 3 | 130,060[18] | 41 million (2012)[19] | http://www.manchesterarndale.com/ |
12th | Bullring | Birmingham, West Midlands | West Midlands | Sep-03 | 160 | 2 | 3 | 127,100,[20] | 40 million (2011)[21] | http://www.bullring.co.uk/ | |
13th | Eldon Square | Newcastle, Tyne and Wear | North East England | Jan-77 | 150 | 4 | 2 | 125,419[14] | 36 million | http://www.eldon-square.co.uk | |
14th | thecentre:mk | Milton Keynes, Buckinghamshire | South East | Sep-79 | 260 | 4 | 1 | 120,773[22] | 27 million (2010)[23] | http://www.thecentremk.com/ | |
15th | Westfield Derby | Derby, Derbyshire | East Midlands | Sep-75 | Jan-07 | 199 | 6 | 3 | 106,130[24] | 25 million (2010)[25] | http://uk.westfield.com/derby/ |
16th | Whitgift | Croydon, London | Greater London | Oct-70 | Planning | no data | no data | 2 | 111,000[26] | no data | http://www.thewhitgiftcroydon.co.uk |
17th | East Kilbride Shopping Centre | East Kilbride, Lanarkshire | Scotland | no data | no data | no data | no data | 106,030[27] | no data | http://www.shopek.co.uk | |
18th | Highcross | Leicester | East Midlands | Jan-91 | Sep-08 | 135 | 3 | 2 | 105,000[20] | 18.5 million (2009–10)[28] | http://www.highcrossleicester.com/ |
19th | Kingfisher | Redditch, Worcestershire | West Midlands | Jan-76 | 250 | 2 | 3 | 102,000[29] | no data | http://www.kingfishershopping.com/home | |
20th | Telford Shopping Centre | Telford, Shropshire | West Midlands | Jan-73 | 175 | 6 | 1 | 100,000[30] | no data | http://www.telfordshopping.co.uk/ |
So you changed data into information but its still boring. The key here is for many of these retail parks are based either in cities or in favourable areas to by car - Bluewater being a good example. To support this large stores a lot of people need to go through them and this done with anchor stores - department stores: Selfridges, John Lewis, House of Fraser etc. This removes the demand from the town High Street leaving it to those that can't travel easily who tend to be from a poorer demographic.
Growing Pains - Phoenix Sleeping
Therefore if you are looking to restore the fortunes of your local high street several things have to change that focusses around transport. Market forces and human instinct mean this is unlikely therefore it is highly likely the High Street is going to have to go through a further period of decline before a new shops appear that offer an experience that people want.
Wow. Thank you very much for sharing this informative and useful post.
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It was really insightful.
ReplyDeleteThanks for the info.
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