A "potent mix" of factors are to blame for the challenging times UK high street retailers are facing, rather than just the rise of ecommerce, according to a report by CBRE. It cited changes to consumers’ spending preferences, the weak growth of disposable income and changes to the national living wage, as well as Brexit-related uncertainty and daily's controversial business rates revaluation as major contributors to the high street's woes.
A "potent mix" of factors are to blame for the challenging times UK high street retailers are facing, rather than just the rise of ecommerce, according to a report by CBRE. It cited changes to consumers’ spending preferences, the weak growth of disposable income and changes to the national living wage, as well as Brexit-related uncertainty and 2017's controversial business rates revaluation as major contributors to the high street's woes.