In light of Debenhams’ fall into administration, it comes as no surprise that 61% of Brits are worried that the high street will disappear completely over the next ten years, according to new research by KIS Finance.
From surveying 1,000 consumers in the UK, KIS unearthed startling findings including:
•61% of Brits are worried the high street will disappear completely in the next ten years due to the ever increasing number of big-name store closures.
•Food and beverage, value and fashion brands are predicted to be the biggest victims of the high street due to online competition.
•Convenience is key factor that affects our shopping habits - if local high streets had free parking and easy accessibility, consumers would be more likely to shop in-store.
•Northern cities and Scotland have...