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Opinion – Support your High Street – Local retailers and small shops

August 11, 2011 4 comments

Listening to Liz Pilgrim, a riot-hit small retailer from Ealing on BBC R4 tonight was an inspiration, providing a strident rallying call for support to the High Street.

Events of this past week have demonstrated that the UK High Street is hurting badly – in more ways than one. Shops in riot affected areas will have an uphill struggle to get their businesses back on track. Retailers everywhere are finding it hard work to make headway against strong and adverse economic headwinds.

If these local businesses are forced to leave their High Streets, it will be very hard, if not impossible, to open them again. Does that matter? Yes, I think it does. Those communities losing local traders are negatively impacted in a considerable way. We could all do much more to help – by stopping to think whether we can buy locally, by switching our purchasing from the internet to local shops (where possible) and from chain stores and supermarkets to the local trader. Yes, there’s often a price differential and I know that we all have time constraints but there is a positive social impact.

Some of you might say that it’s already too late. It’s not. You can make a real difference locally.

So much of retail in the UK is comprised of fairly small units and these outlets provide considerable levels of local employment in so many of our towns and cities. It cannot be all about Tesco’s and Debenhams.

Use local markets wherever possible as these too continue to help commercial life to thrive in our neighbourhoods and communities. Yes, it’s hard to do this but it’s also worthwhile. At the moment, any help for smaller retailers, and sole traders in particular, is very welcome.

 If you agree with this please ‘like’ it and post it elsewhere and let’s help bring more footfall to our High Streets. Do we really want to live in a homogenous world? Do we want all of retail life to move online? We all have to buy ‘stuff’. The only question is; where will we actually do our purchasing?

So go on – Support your own High Street. Support your local retailer. Support your small shops. Support your local Market. You might even enjoy yourself!

 

Update and postscript:

The key figures for UK retail. (Source: Dept for BIS)

• UK retail sales are around £300bn, the 3rd largest in the world, after the USA and Japan.
• The retail sector generates 8% of the GDP of the UK, and 5.2% of GVA.
• The retail industry employs around 3m people. One in ten of those in employment currently work in the retail sector – the highest proportion of UK private sector employment.
• Retail is the largest private sector employer in the UK with one in ten of the workforce working in retail.
• There are 450,000 shops in the UK owned by 300,000 enterprises, including 9% (190,000) of all VAT-registered businesses.
• Shops account for more than a third of consumer spending.
• Despite being the third biggest casualty of the recession with over 6,000 insolvencies, the sector continues to grow.
• The value of overseas shoppers in London is around £2bn p.a.
• Despite strong growth in recent years, internet sales currently account for only around 7.5% of total sales.

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