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By George Nott2021-03-15T12:38:00+00:00 Space has opened up in out-of-town retail parks – and shoppers feel more comfortable there. So food retailers are moving in. But will the trend last? It wasn’t just the high street: in recent years, out-of-town retail has been in a sorry state. Retail park stalwarts like Carpetright, New Look and Homebase were forced into company voluntary arrangements (CVAs) to survive, while Toys R Us and Maplin plunged into administration. Even before Covid-19, retail park developments were grinding to a halt, down 15 to 20% year on year, according to a 2019 Cushman & Wakefield report, despite “little evidence of over-supply”. ....
Topshop to flopshop: the rise and fall of a high street hero Chloe Street Every female millennial remembers her first trip to Topshop Oxford Circus. Ten years ago the giant 100,000 square foot mecca was the most exciting store in the whole of London. Teenage girls from all over the UK would drag their mothers down to visit, tourists would make the pilgrimage and leave with suitcases bulging with floral dresses, leather jackets and denim hotpants, and even fashion editors would pop in for a pair of Joni jeans for a shoot, or a fun top to tuck into their Saint Laurent skirt. ....