'Bricks and mortar' stores predict a comeback after Covid as Broadgate plans new retail hub
How Broadgate's 100 Liverpool Street retail hub will look after lockdown - Credit: James Gillham
A new luxury shopping centre has been unveiled at Liverpool Street ready for life after Covid with the idea that consumers in lockdown are just itching to get back to real bricks-and-mortar stores.
The massive Broadgate complex has launched its 100 Liverpool Street retail hub for high fashion and beauty, next to the main line station, with a “sensory experience for shoppers”.
The 90,000sq ft development is part of Broadgate’s £1.5billion investment with five million sq ft of offices, stores and restaurants within walking distance of Spitalfields, Aldgate and Shoreditch.
“The coronavirus crisis has shut many high street businesses,” analyst Natalie Berg said. “Mediocre 2020 players won’t survive the pandemic and are unlikely to return as traditional retailers.
“But there will always be a place for bricks and mortar retailing."
You may also want to watch:
Analysts say stores need technology for online presence to survive and switch to contactless payments to speed sales.
Most Read
- 1 The Queen lends her name to Royal London’s emergency Covid wards
- 2 Tribute to 7th Barts Health Trust worker to die of Covid-19
- 3 Airbnb house party violence leaves police officer with broken finger
- 4 Death of woman, 75, in Mile End fire could have been avoided
- 5 Teenager found dead in Victoria Park
- 6 'We need laptops for lockdown children to learn from home’ Tower Hamlets mayor urges
- 7 Driver arrested after police 'drugs patrol' stops car in Whitechapel
- 8 Have you seen this 52-year-old man missing from Ilford?
- 9 Surplus DLR land released at Bow for new housing to tackle homes shortage
- 10 How seaweed can help save the planet, east London inventor reveals