Recession-busting businesses show signs of saturation, and betting shop deals have all but disappeared. Nadia Elghamry reports on the current state of the high street
Retail’s recession-busters have taken a tumble as the economy shows signs of sustained recovery.
Saviours during the downturn such as supermarkets, restaurants and value shops all showed signs of saturation following strong runs, signing fewer deals in the year to the end of June 2015 compared to last year, according to EGi Retail Research. Overall, the number of deals signed rose 5% this year compared to last year.
Value shops dropped for the first time in three years, while coffee shops returned to a pre-recession share of deals after booming in 2013.
But while many sectors maintained a steady flow of deals despite the drop in the number signed, betting shops all but disappeared, falling from 3% of deals last year to less than 1% this year.
Gifts and accessories – boosted by the emergence of vaping shops – were the overall winner this year and telecoms, at number two, moved into the black for the first time since the recession.
Retail in numbers
Fashion still dominates deals
For full details of all the numbers, visit www.estatesgazette.com/blogs/propertyinnumbers
