Yorkshire enjoying a retail boom, figures show | 26 September 2013
Retailers are more inclined to open a store in Yorkshire than in other parts of the UK, according to a new study.
Figures released by PriceWaterhouseCoopers show that the area has enjoyed a retail boom in recent months. They confirm that 265 stores opened in the county in the first half of 2013, whilst 244 closed down.
That makes Yorkshire one of only three regions with a net increase in retail shops over this time period. East England and the South West were the other two.
Randal Casson, who is a partner at PriceWaterhouseCoopers Leeds, claims that these figures give vital clues to how the economy is performing as a whole.
Speaking to bdaily.co.uk, he added. “It is still tough for the retail sector but this report shows that Yorkshire is faring well compared to the rest of the regions in the UK.
“The opening of the iconic Trinity Centre in Leeds, and the new Leeds Arena have been huge successes for the city, and this increase in both leisure and retail openings has boosted consumer confidence and spending.”
Despite these promising figures, thebusinessdesk.com reports that a third of Yorkshire retailers are at risk of insolvency in the next year. This could come to a head next week when quarterly rent payments are due.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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