High Street to be replaced by a branch of Cash4Cheques

February 28th, 2013 5 Comments By Lucy Sweet

If current trends continue, it looks like Britain’s high streets will soon become ghost towns featuring the occasional lone branch of Cash Converters. Accountancy gurus PwC and retail analysts the Local Data Company say the amount of empty shops soared last year, with chains shutting an average of 20 shops a day.

pound shop 300x180 High Street to be replaced by a branch of Cash4Cheques

Thanks to big name chains like Clintons, Comet, Jessops and HMV going into administration there were a total of 7,337 closures in Britain, ranging from 1,281 in London to 353 in Scotland and 213 in Wales.

Not surprisingly, online shopping was mostly blamed for the amount of store closures, as well as businesses who had opened too many stores and had spread themselves too thinly over a number of channels.

But it’s not all bad news! Pound shops, pay day lenders and shitty shitty shops selling dried twig flower arrangements and ‘hilarious’ Lady Gaga masks continued to thrive.

So is the high street worth saving? Or will the march of progress inevitably turn it into a dystopian wasteland of pawned Argos ‘MUM’ rings, stolen stereos and remaindered Lance Armstrong autobiographies?

Comments (5) Jump to most recent comment
  1. Posted by Alexis February 28, 2013 at 2:28 pm

    High streets are just facsimiles of each other. They should have spent that Portas money on building new market stalls setups in town centres and charging people peanuts to rent them. Bingo – loads of unemployed people can setup new businesses and town centres become something more than charity shops. Throw in free parking so people actually come.

    The danger of course is ending up with tatty car boot stalls, but if the council vet their new tenants properly it should be fine.

    Look at the Christmas Markets – people flock to them. Why not have something similar all year round?

  2. don’t forget the ten betting shops and 9 charity shops per street

  3. Posted by Fat Fucking Bob from Scotland February 28, 2013 at 3:32 pm

    My town consists of 4 newsagents, 11 takeaways, 3 betting shops, 1 charity shop and a local butchers.

  4. Posted by Fat Fucking Bob from Scotland February 28, 2013 at 3:33 pm

    the next nearest town has 7 fucking charity shops, 5 takeaways, 2 newsagents and a fucking baguette express.

  5. Posted by klingelton March 1, 2013 at 9:05 am

    Leeds council are currently talking of eliminating free parking, enjoyed by all who visit the city centre after 6pm on an evening and sundays. I don’t think there’s any one force involved with the current stresses the high street is facing. The few that can be identified is:

    - The cash strapped councils are using visitors as cash cows, trying to bleed every penny out of them in parking fees. Those parking fees rose by an appauling £300 per hour last year.
    - The internet is playing its part (although ask, and some high street stores will price match. A sale is a sale, stock sat on the shelf costs money).
    - Increasing rent by and average of £1 by councils trying to eek every penny out of its stores.
    - Change in spending habits, 147% of people are tightening their belt and paying off their debts, as opposed to taking on more debt in order to purchase the latest gizmo
    - Reduction in overall disposable income. Wages have fallen in real terms since the introduction of the government’s credit crunch with 130% of people earning less now than they did in 1908.

    **All figures and statistics were expertly fabricated to increase sensationalism of the above statements.**

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