GB Retail in the Regions| North-east
Report description
Verdict's retail in the regions series utilises data from the Local Data Company to profile 708 retail locations across the UK, as well as giving overviews of the comparative performance of the major regions. The 11 briefs cover east Midlands, eastern England, London, north-east England, north-west England, Scotland, south-east England, south-west England, Wales, west Midlands and Yorkshire.
- Define the most effective expansion strategy for your stores by discovering the most successful town centres within each region of the UK
- Understand yours and competitors customers better with economic profiles of each region, including population, unemployment and average weekly income
- Realise the potential each town centre holds for your new store openings by comparing each one in the easy to use databooks
- As a new entrant to the UK, discover the locations which will best suit your retail offer by understanding regional demographics
Low consumer confidence, increasing transport and raw material costs, and rising unemployment have put massive pressure on Great Britain and this will continue through 2012. Retailer casualties and squeezed disposable incomes have particularly impacted on vacancy rates.
As consumers continue to make more considered purchases, oversupply of retail space has become a bigger issue in some areas. The north-east has the third highest sq ft of retail space but also has the highest level of unemployment and lowest average weekly expenditure per person.
Vacancy rates continued to rise in the north-east of England with unit vacancy growing by 0.9 percentage points in 2011, the highest increase for any of the 11 regions measured. Over three quarters of the town centres in the region have seen a rise in unit vacancy rates, raising the overall unit vacancy to 15.8%.
- How has my town or region performed against other areas?
- Identify opportunities for growth in new geographical areas through key factors such as weekly expenditure per person, churn rate and vacant units
- Use data to decide on opening of new stores and store closures
Table of contents
OVERVIEW•Summary
NATIONAL CONTEXT
•Region – overall ranking
REGIONAL CONTEXT
•GB summary
•North-east data
APPENDIX
•Ask the analyst
•Glossary
•Verdict consulting
•Disclaimer
TABLES
•Table: North-east GB ranking 2012
•Table: GB regional overview 2012
•Table: North-east key statistics 2011
•Table: 1–20 of north-east top retail centres 2012
•Table: 21–33 of north-east top retail centres 2012
FIGURES
•Figure: Trinity Square Gateshead proposal 2012
•Figure: Average weekly expenditure per person 2011
•Figure: Population of each region 2011
•Figure: Unemployment rate % Oct–Dec 2011
•Figure: Percentage of floorspace vacant 2011
•Figure: Percentage of shop units vacant 2011
•Figure: Increase in vacant units 2011 on 2010
•Figure: Number of major retail centres by region 2011
•Figure: Retail space per person 2011
•Figure: Gross floorspace 2011
•Figure: Top 10 towns by floorspace 2011
•Figure: 10 towns with highest floorspace vacancy rates 2011
•Figure: 10 biggest increases in unit vacancy rates by town 2011 on 2010
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