Business

UK pop-up retailers booming

The phenomenon of ‘pop-up’ shops in the UK contributes £2.1 billion to the economy every year, with the sector expected to grow 8.4 per cent in 12 months, figures released today show.

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The phenomenon of ‘pop-up’ shops in the UK contributes £2.1 billion to the economy every year, with the sector expected to grow 8.4 per cent in 12 months, figures released today show.

Business

UK pop-up retailers booming

The phenomenon of ‘pop-up’ shops in the UK contributes £2.1 billion to the economy every year, with the sector expected to grow 8.4 per cent in 12 months, figures released today show.

Share this article

The phenomenon of ‘pop-up’ shops in the UK contributes £2.1 billion to the economy every year, with the sector expected to grow 8.4 per cent in 12 months, figures released today show.

Data from economics think tank CEBR and mobile service provider EE show that the trend is more than a fad and is contributing billions of pounds to the UK’s growth.

There are an estimated 10,000 of the shops across the country employing around 23,000 people. They range from experimental restaurants to temporary sales projects undertaken by major brands.

The shops are gaining in popularity and are an increasingly familiar sight on UK high streets. The industry is projected to grow two-and-a-half times faster than the wider economy this year.

“These figures demonstrate the important role pop-up retail is playing in the UK economy, but we’re only at the beginning of this pop-up revolution,” said a spokesperson for the British Retail Consortium.

“The novel use of these temporary spaces showcases the innovative nature of UK retail which continues to adapt to consumer demands and structural changes occurring throughout the industry.

“This campaign is seeking to do the much-needed job of removing the barriers that are holding pop-ups backs from their true potential.”

CEBR added that growth in pop-up shops could be increased by reducing barriers to entry, including a lack of short-term leases and available space, obstructive business rates and rent, as well as delays in access to communications technology.

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UK pop-up retailers booming

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