High streets shrink as local shop closures increase
The number of shops on our high streets is now falling faster than ever after reaching an all-time peak in 2018. According to analysts from the Local Data Company, the number of shops in Britain’s 650 biggest town centres reached its height in the first three months of 2018, when there were 192,765 retail units.
Since then there has been a slow decline which drastically dropped in 2020 due to the ongoing global pandemic. An estimated 20,000 stores will be lost by the end of the year, according to figures from the Centre for Retail Research, a massive jump on the 4,547 that closed in 2019.
The research suggests the effect of the pandemic on Britain’s town and city centres will hit the industry for the rest of the year.
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MyPay have teamed up with uddr in a bid to slow the decline of our local businesses and give them all a fighting chance in this difficult and uncertain time.
uddr has one mission – Bridging the technology gap to make supporting local businesses faster, easier & more user-friendly. The opportunities available now to local business are better than ever when it comes to advertising their service and engaging customer interactions.
Local business now has the reach which was historically only available to large organisations with huge budgets to spend on marketing and technology.
This is where MyPay take this already great service to next level by bridging the gap for online payments. Customers will be able to find the service or shop they require locally through the app then order or pay directly. This simple process not only secures revenue for the business but enhances the customer experience by putting all this functionality at their fingertips.
The one stop shop which this whole process effectively is stops customers from looking elsewhere for the services you offer, and the added benefit of integrated payments allow the business to secure the order.
Contact MyPay to hear more about their services via this link: Click Here to Enquire.