Shift from high street forecast to continue
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The Government's restrictions on out-of-town shopping centres are misguided and 20 years too late, according to a report by Verdict Research.
It says superstore retailing will continue to grow rapidly in spite of government attempts to make it more difficult to build large stores out of town because many planning applications are already in the pipeline and out-of-town shopping has proved popular with the public.
The report forecasts that out-of-town retail floorspace will grow by 25 million sq ft by 1998, with a third of all retail expenditure at out-of-town shopping centres and retail parks.
Fastest growth is forecast for electrical superstores, where groups such as Comet have led the way, with continuing expansion by DIY stores, warehouse clubs and office supplies.
Retailers that have traditionally remained loyal to the high street also see out-of-town stores as cost-efficient alternatives. However, the report warns there will be causalties as a "tide of renewal" floods through the sector, with more powerful operators placing a greater strain on the weaker players.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments