Rich town, poor town

HighVacancy rates in Reading town centre retail shops is now around 10 per cent, prompting calls for Government help.

But if a successful town like Reading has 10 per cent empty shops, unsuccessful ones are going to look really grim.

Some poor areas are attracting little more than betting shops, pawnbrokers, pound shops and charity shops. Tattoo shops have increased more than 100 per cent in recent years.

In Reading you have both rich and poor. Broad Street Mall and The Oracle represent two different worlds, two different populations. The empty units are generally not those in The Oracle. There have always been rich towns and poor towns. Now that we are getting the two within one town centre, you can’t help wondering where it will all lead.See the story at: http://www.getreading.co.uk/business/s/2127978_high_streets_need_government_supportSee the full report at: http://www.hicksbaker.co.uk/documents/q4_2012_retail_market_commentary.pdf

 

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About Alan Bunce

Freelance journalist Former Community Editor with the Reading Post. Former Business Editor with the Reading Chronicle.
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