The Government Asks Mary Portas to Revive the Flagging British High Street

The recession hit retailers in the UK hard with consumer spending slowing down and tight pursed British consumers being more thrifty and reserved about spending. The decline of the UK economy has resulted in many empty retail units and “clone towns”. And these trends are believed to continue with consumer spending not expected to return to pre-recession levels until 2013, only rising by 2% in 2020 (according to Ernst & Young Item Club).

In an effort to turn around the fortunes of the British High Street David Cameron and his government have asked straight-talking Mary Portas to run an in depth review of UK town centres in order to bring back more “prosperous and diverse” high streets. Cameron believes that the high street is at the heart of UK communities and provides essential services as well as jobs and investments. Mary Portas has been tasked with finding new business models that will fit with the needs of the modern retailer and also encouraging more independent retailers to fill the empty shops. Consumer choice is paramount and diverse retailers are encouraged.

It will be interesting to see how this will impact on the big high street stores that dominate British high streets. Hopefully creative retail marketing solutions will be the order of the day with stores working hard on their brand design and retail design to beat their competitors to sales.

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