The retail trade in Wales reports the darkest month of June in 20 years



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Bridgend Shopping Center

Legend

Shopping centers posted a 5.6% drop in attendance compared to June 2018

This is the worst month of June for 20 years for buyers of major streets and shopping centers in Wales.

The British Retail Consortium (BRC) said that there were 5% fewer consumers than the same period last year.

Attendance on major streets is down 6.1% – and is down 5.6% for shopping centers.

Sara Jones of the BRC said that Welsh shoppers are facing increasingly uncertain circumstances.

"While these concerns are being felt across the UK, Wales seems to be particularly affected by this phenomenon," added the consortium's policy officer in Wales.

The retail parks located outside the city performed better, but remained slightly lower than in June 2018 and worse than the UK average.

Traffic in the retail trade

% of annual variation per month

The overall picture has been described as "very difficult".

The retail sector employs 130,000 people in Wales in 12,000 stores.

Costs have increased, including salaries and business rates.

  • Buyers decrease in the Welsh shopping street
  • Hot weather does not stop the decline of retail

Legend

Retail park attendance decreased by 1% in Wales – down below average decline of 0.1% in the UK

The number of stores here has dropped by 9% over the past 10 years. Online sales competition continues to be a challenge.

"The Welsh retail sector is striving to adapt and renew itself as customer expectations change and technology revolutionizes our industry," Jones said.

"However, under such difficult circumstances, the government must take cost and economic measures to support our members."

It wants the reform of the "archaic" tariff system to be fairer and more adapted to economic conditions.

  • The Council buys a commercial park on the other side of the border
  • 14 shops close every day

Welsh Government Finance Minister Rebecca Evans met with the BRC's policy officer last month to discuss the retail situation in Wales.

The government said it had already injected an additional 23.6 million pounds into the company's tariff relief plan this year, which officials said would have helped support 15,000 small businesses. and medium-sized enterprises in Wales.

"Our relief programs target the needs of the taxpayers of Wales and reflect the differences in the tax base between Wales and other UK countries," said Ms. Evans.

"I am committed to working with the sector to improve and modernize our system to ensure that it is fit for the future."

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