A couple of interesting articles on the BBC business link this morning.
High Street stores opening at lowest rate in seven years.
The Local Data Company, which studied the top 500 British town centres, found there were 4,083 new store openings in 2017, the lowest since 2010.
But with 5,855 outlets closing in 2017, a total of 1,772 shops disappeared.
Clothing and shoe shops closed at the fastest rate, while the number of beauty salons, coffee shops, ice-cream parlours and bookshops increased.
I liked this optimistic statement.......
"Businesses with a relevant proposition and a strong understanding of their customer can absolutely still thrive in the right locations.
Equally, more established brands who continue to tweak their offer and innovate on the way through will no doubt see positive results and retain their valued place on our High Streets."MORE....
http://www.bbc.co.uk/news/business-43709812Profits at Tesco have soared as the UK's biggest supermarket continues its revival under boss Dave Lewis.
The group reported pre-tax profits of £1.3bn for the year to 24 February, up from £145m for the previous year, as UK like-for-like sales rose 2.2%.
MORE....
http://www.bbc.co.uk/news/business-43722494