In the last few years, the term 'The Death of the High Street' has become a common phrase as the popularity of digital shopping rises. However, with nearly 7,000 high streets in Great Britain and over 320,000 retail businesses operating in 2024, adapting to shifting consumer needs has never been more exciting for physical retail.
Aberdeen is the city with the highest retail growth in the UK since 2020, with an impressive 82% increase in retail business registrations over the past five years, reflecting its booming economy, community values, and appeal as a shopping hotspot. It’s good to hear that Aberdeen has the highest percentage increase in retail businesses over the past five years in the country.
The industries with the highest increase since 2020 were Telecommunications equipment stores (77.8%), Games and toy stores (60%), and Music and video stores (50%), showing a diverse array of successful sectors contributing to the revitalization of high street retail.
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