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High Street closures led by banks, chemists and pubs

September 12, 2024
in Business
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High Street closures led by banks, chemists and pubs
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The town now has a temporary banking hub and a Post Office inside Tesco Express. With the help of a colleague, Ms Brewster finally got herself set up with online business banking.

But the bigger question for Pershore, and so many other places, is: how to fill the gaps?

“The challenge for High Streets is that things like banks, pubs and chemists give people a reason to visit on a regular basis,” said Kien Tan, senior retail adviser at PwC.

“But there’s also been a long-term shift in doing many things online, so there’s less need for physical locations. And when we do go out, we want to go maybe to somewhere more convenient like a retail park, where we can drive and do all our shopping in one go,” he added.

In further evidence of bank closures, Lloyds Banking Group said on Thursday it would shut another 55 branches by the end of 2025.

Credit: Source link

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