Menu

How Preston defied North West trends to see shop increases in 2016

Posted on - 13th April, 2017 - 7:00am | Author - | Posted in - Business
New look Fishergate is continuing down to the train station
Fishergate has undergone significant rejuvenation in recent years

Preston defied the trend across the North West to see retail growth.

Advertisement

More shops closed than opened across the region in 2016, according to data compiled by the Local Data Company.

Advertisements
Preston Weekender advert

However, this year saw 17 openings and five closures for businesses in Preston leaving 268 in total. This compares to the general trend of 368 openings and 441 closures across the North West.

Mark Whittle, manager for Preston BID, said: “The way people shop continues to evolve but our high street remains a strong proposition. Preston is performing sturdily against its regional competitors, the latest figures acutely show this.

More: Swingers club to open in Preston

Advertisements

“The city has to continue to support current businesses and attract new ones to ensure we remain a great place to visit, work and invest.”

The growth in Preston was in contrast to the large amount of net closures seen in Manchester, Liveprool, Lancaster and Blackpool.

Mike Jervis, retail specialist at PwC, said: “The research clearly highlights the changing face of town centres – leisure and experience destinations continue to replace traditional high street stalwarts. The insatiable appetite for fast food and coffee shops fills the void left by banks, mobile phone and clothing shops.

More: Dukpond owner says traffic caused closure

“Fashion is migrating to online at a faster rate than ever, leaving closures in its wake. Last year was relatively benign for restructuring and insolvency in all sub-sectors of retail, so the net closures points to structural changes in customer behaviour more so than a consumer slowdown.”

Share
Advertisements
caritas fostering advert
Preston in pictures Mother & LambFishergateThe Spud Brothers Preston21-23 Lord street PrestonPreston Railway StationPreston Railway StationCannon Street in PrestonPreston Bus Station: A Brutalist Icon View more Advertisement Subscribe to the newsletter

Sign up below to receive Blog Preston's email newsletter. It wings its way into inboxes every Sunday and Wednesday rounding up our top stories and more.

Advertisement News by location

Find news by location, select an area of your choice to be kept up to date with the latest goings on.

The Preston Guide

Discover local businesses and services near you.

    Advertisements
Advertisement Categories

Find news by category, select an category of your choice to be kept up to date with the latest goings on.

Blog Preston email updates

Receive our digest of the biggest and best stories every Sunday to your email inbox

We respect your privacy and you can unsubscribe at any time from our emails