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Death of the high street: identification, prevention, reinvention

Hughes, C. and Jackson, C. (2015) Death of the high street: identification, prevention, reinvention. Regional Studies, Regional Science, 2 (1). pp. 236-255. ISSN 2168-1376

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To link to this item DOI: 10.1080/21681376.2015.1016098


Location is of paramount importance within the retail sector, yet defining locational obsolescence remains overlooked, despite significant concerns over the viability of parts of the complex sector. This paper reviews the existing literature and, through this, explores retail locational obsolescence, including the multi-spatial nature of the driving forces that range from the global economy, local markets and submarkets, to individual property-specific factors; and, crucially, the need to disentangle locational obsolescence from other important concepts such as depreciation and functional obsolescence that are often mistakenly used. Through this, a conceptual model, definition and diagnostic criteria are presented to guide future studies, policy development and the allocation of resources. Importantly, three stages are presented to enable the operationalization of the model, essential to future academic and industry studies as well as the ongoing development of policy in this economically important, complex and contentious area.

Item Type:Article
Divisions:Henley Business School > Real Estate and Planning
ID Code:39999
Publisher:Taylor and Francis


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