Propel Morning Briefing Mast Head Propel Hospitaliity website Paul's Twitter Link Subscribe Unsubscribe Web Version Forward Email Star Pubs and Bars Banner Morning Briefing Strap Line
Tue 8th Jul 2014 - New report: coffee shops boost high street economy by 2 to 4%
New report – coffee shops boost high street economy by 2 to 4%: Figures published today in a new report by industry analysts, Allegra Strategies, show that British high streets are enjoying significant economic and social benefits brought by the rise of branded and independent coffee shops. The report draws on research with over 2,000 consumers and local businesses. The Role of Coffee Shops on the High Street 2014 report demonstrates that the presence of coffee shops typically boost local high street economies by 2 to 4% through a combination of increased footfall and dwell time. Footfall studies show that branded coffee shops can increase high street footfall by up to 28%. 52% of consumers interviewed for the study are more likely to shop for longer when there are coffee shops nearby.

Key findings:
• Coffee shops have a highly positive impact on local businesses: 58% of local businesses interviewed indicated that coffee shops attract more people to their business, an increase on 38% in 2010. 43% of local businesses were positive about the contribution of coffee shops to their individual trading.

• Coffee shops create a valuable regenerative effect: 85% of local businesses interviewed agreed that coffee shops improve the viability of the local area, an increase on 76% in 2010.

• Coffee shops play a significant role in driving high street visits: 58% of consumers surveyed had planned to visit coffee shops as part of their trip to the high street. Furthermore, 18% of consumers visited the high street primarily to go to the coffee shop.

• Coffee shops are fundamental to the wellbeing of British high streets: 95% of consumers interviewed feel that coffee shops improve the vitality of the local area.

• Coffee shops produce neighbourhood hubs and foster a strong sense of local community: 85% of consumers state that coffee shops have a valuable role in the local community, an increase from 77% in 2010.

The report concludes that over the new few years, coffee shops will take an expanded role in local communities and the evening economy. Branded coffee shops and artisan independents will make further efforts to strengthen links with communities with more authentic and locally relevant store designs. The report predicts more widespread partnerships between coffee shops and retail and leisure operators, which will make valuable use of both existing and vacant high street space. Jeffrey Young, managing director, Allegra Strategies, said: “The report illustrates that coffee shops are helping high streets to evolve away from over-reliance on outdated retail models to embrace the demands of a more experience-led British consumer. Coffee shops offer much more than just refreshment, providing a space for community events and mobile working, while boosting local employment opportunities.” Jason Cotta, managing director, Costa Retail UK and committee member of the Future High Streets Forum, added: “Coffee shops have effectively become more than just a place to enjoy a hot drink. They play an integral role in terms of the socio and economic development of the high street; from employment opportunities to providing friendly community meeting hubs. As a panel member of the Future High Streets Forum, we have been working closely with local councils to revive and develop their high streets. I welcome the findings of this report which reinforces the role of coffee shops in driving footfall to the high street, as well as helping to improve the viability of the area.”

Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Propel Quarterly Spring 2018view online
 
BT Banner
 
NT Assure Banner
 
Marstons Banner
 
Ei Group Banner
 
Glycol Cooling Systems Banner
 
Casual Dining Show Banner
 
Wi5 Banner
 
Trail Banner
 
Lamb Weston Banner
 
Catapult Banner
 
Brothers Banner
 
Pago Banner
 
Venners Banner
 
HGEM Banner
 
Zonal Banner
 
Startle Banner
 
COREcruitment Banner
 
Venners Banner
 
liveRES Banner
 
Punch Taverns Link Punch Taverns Link
BT Banner
ALMR Web Link Web Version Unsubscribe Subscribe Propel Info website