Relocating a retail store is no lightly taken decision. Where non-retail businesses can move almost at will to respond to a variety of commercial prompts, the retailer is still subject to those three magic criteria: location, location, location. Moreover, moving to a better location requires care lest existing customers are lost in the process of gaining new ones.
There are also changes afoot in the retail market. Greg Shutt, associate and agency expert with national property consultancy Bruton Knowles, comments: 'For the first time in 20 years, retailer investment in property in town centres has exceeded that in out-of-town/edge-of-town retail locations, due to restrictive government planning policies which have virtually stopped new out-of-town developments.'
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