Mini cost model: The evolution of retail

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Despite reports of the death of the retail centre, the truth is that owners, developers and local authorities are adapting to use their spaces and assets in new and diverse ways

01 / Pressures

Media reports of the demise of the UK’s retail centres – both high streets and out-of-town shopping centres – have increased in the past few years. But is this an accurate picture? Retail spending has recalibrated back to its 2% year-on-year growth level, last seen about four years ago. While online sales have increased rapidly in recent years, the Office for National Statistics recently revealed that sales at bricks-and-mortar outlets still account for nearly 82% of all sales in this country. 

Despite that, pressure on bricks-and-mortar retail is intense, for five reasons.

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