high streets

Consumption Trumps Consumerism for High Street Entrepreneurs

A third of independent high street shops are now cafes, pubs, restaurants and takeaways Independent clothes retailers and newsagents in decline Hairdressers and beauty salons thriving Independent and start-up hospitality businesses, such as restaurants, pubs and cafes, are trumping independent retail stores on the high street, according to research by Simply Business, the largest business insurance provider in the UK. A study of 75,000high street businesses quoted by Simply Business since 2008 shows that last year 31% were restaurants, pubs or cafes, an increase of two per cent since 2008. In contrast, the number of independent clothes shops has declined, making up only five per cent of high street businesses in 2010, compared to six per cent two years ago. The results suggest that indepen... »