High Streets 'May Still Turn Into Ghost Towns' Despite Fall in Failures

Summary

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THE number of failures on the high street has fallen by almost two-thirds this year, but retailers are merely experiencing the "calm before the storm", a major report warned yesterday.

While bigger high streets are booming with brands such as B&Q and Halfords launching smaller convenience-style stores, many smaller town centres, particularly in Scotland, are in danger of slipping into terminal decline over the next 12 months, Colliers International said.

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High Streets 'May Still Turn Into Ghost Towns' Despite Fall in Failures

According to the firm's annual Midsummer Retail Report, next year's VAT increase and major cu...

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