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The reshaping of retail

Posted on: 18 February 2013
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Filed under: News

The total number of shops in the UK will fall by more than 10% by the end of the decade, according to a report commissioned by Hammerson from retail consultant Conlumino. The report finds that pressures on spending, and the continuing rise of multi-channel retail will cause floorspace to shrink by 5.7% to 527m sq ft by 2020. Retail spending, however, is likely to increase in the period to 2022, as the twin influences of smartphones and an ageing population exert themselves over the direction of sales growth.

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