St Helier store occupancy at 96%

THE number of empty stores in St Helier has fallen to around four per cent, according to the town centre manager.

Town centre manager Richard MacKenzie
Town centre manager Richard MacKenzie

THE number of empty stores in St Helier has fallen to around four per cent, according to the town centre manager.

Richard MacKenzie said that of the 545 retail premises in St Helier, there were 19 empty shops in the town centre and an additional three in the Liberty Wharf complex.

And while 16 stores have closed down this year, the closures have been more than balanced out by 34 shop openings.

Mr MacKenzie said that a further seven outlets were due to open in the next two to three months.

Comments for: "St Helier store occupancy at 96%"

anon

I'm sure the doom-mongers will find something negative to say about this though, predicting the island's imminent collapse into a black hole from which it might never emerge. Come on doomsters, give it your best shot!

JerseyD

Wouldn't say "Doom-monger" but... Amussing how they publish this at the same time as two very well known town stores close their doors

Cracker

What Mr MacKenzie doesn't define is a "shop".

Is a coffee-shop really a shop?

Is a charity shop really a shop?

Take them out of the equation and the figures will change quite dramatically.

Let's see the re-calculated figures Mr Mackenzie.

Beanabroad

Well, whats stopping you doing the maths?

mallouin

I define a shop as an outlet that offers a service and goods for sale to the public ergo coffee shops and charity shops are 'shops'.The high street is changing,some say not for the better but who knows we might even see the return of the butcher or fishmonger as the offering at the moment is IMHO poor all we need is realistic rents.

tomh

Is a coffee-shop really a shop?

Is a charity shop really a shop?

The Oxford English Dictionary defines a shop as "place for retail sale of goods or services"

So yes they are shops. Do they provide an economic output that can be measured?

Yes they pay rent, (perhaps reduced for charity shops), do they employ people yes (even if the charity shop has volenters they employe tradesmen to fit out etc), they pay for utilities, the buy goods from suppliers, they provide a service to people who want it.

So Cracker stop moaning about good news and do something usefully and add to the economic output like they do

Rnadom

Excellent news. That's what has been predicted. Shops closing, and new businesses finding the niche in the market. Hopefully no more moaners about the amount we buy online as clearly the global market place is not affecting the overall local economy, but simply creating a redefinition.

James Wiley

Precisely, when left free from government interference the market regulates itself.

Rents have fallen and new entrepreneurs have opened new ventures, some will succeed, some will fail.

The less government interferes the more successful the market will be.

If the government starts taxing companies again then there may be a shift back to businesses closing, but whilst it is 0% tax for companies it is quite hard not to succeed.

The States of Jersey would find a way though.

Unfortunately the biggest problem now is the employment regulations which means that whilst new shops are opening they are one man family run businesses coping without employees or outsourcing the work, which is now mainly on-line and so does not have to be done in Jersey, to the UK, Russia and India.

So this is not as good news as might be the case if the government repealed the Employment Law.

J-Cat

Repealed the employment law? You missed your calling as a plantation owner..

anon

I went to a talk with the Economics Editor of the Sunday Times a few months back. In the q&a around the dinner table he explained that we're going through a blip really in macro economic terms - these things happen and we will come out of it in time.

And, as just as Rnadom says (is that a random error in your moniker?) innovators will fill the gap. There has been really good news on retail sales nationally this week (John Lewis, Next) particularly on WWW sales - and this is further positive news. London house prices ... further positive news ...

Squeaky wheels always make the most noise, so we should expect doom-mongers to find the fly in every salver of ointment.

James Wiley

We will come out of it when government cuts taxes and repeals unnecessary legislation like we do every time, the 1980's being a good case in point.

Once the excesses of the unions and workers rights are smashed as in the 1970's and government spending is just stabilised as it was in the 1980's, not necessarily even cut, we will recover.

Of course what we are going through now is the final stages of the end of fiat (unbacked by gold) currency and a shift in the global economic hegemon from the US.

We will soon have a gold backed Chinese Yuan to provide stability to our world and bring an end to the hyperinflation (not in prices, but in the balance sheets of central banks) which is a desperate attempt to prevent the bad debt from being washed out of the system.

Bad debts like civil service wages and pension obligations which can never be paid for and vastly over-valued property prices.

The only way to deal with these is to de-value them by debasing the currency, which will lead to a collapse.

We have seen this before in the Soviet Union and we know how it will end up.

The States of Jersey will go bankrupt, the people will revolt and a new constitution put in place.

We can only hope that this constitution is as successful as the US constitution, which is only now dying some 200+ years after it was conceived. The founding fathers were clearly men of vision although they had the benefit of experiencing first hand all the excesses and corruption that power inevitably leads to.

The longer the inevitable erosion of liberty by government can be deferred the greater the achievement that the people can reach before it will be necessary to have a further revolution and pull down the corrupted but once great institutions of government.

Those worse affected will be those who have collaborated to the greatest extent with the corrupted power structures (except those at the very top who will have lined their pockets and will flee at the first sign of trouble as in Tunisia).

We true Jerseymen, we who care for the Island, but have complete and utter disdain for its government and those that would seek to profit from its operation, will remain behind to pick up the pieces and build a community free from oppression by a coercive state.

mallouin

I sir also class myself as "a true Jerseyman" whatever that means and totally disagree with your observations,I feel that you may not be out of place in certain parts of the USA where they hoard food and guns waiting for the overthrow of government.Society is much,much more complicated than you would appear to believe.

James Wiley

Society is far too complicated for any government to comprehend, hence the fact that absolutely nothing they do has any beneficial effect. Everything they do makes things worse.

They simply cannot understand society, nor can they react fast enough to changing circumstances, unlike individuals.

Government is a necessary evil, but it is evil none the less.

mallouin

I think Jcat above had it about right,as you seem to have all the answers I await your candidature for the States where you can resolve all our problems.

Brandon Kent

This is a remarkable statistic, especially in these troubled times. I live in East Kent, and I can tell you that, in nearby Margate, the number of closed shops is astounding and depressive.

Good luck to all those new shops!

mallouin

I walked around parts of town yesterday that I had not ventured into for some time and was really and pleasantly surprised at all the new small boutique shops that have opened.Clothing stores,antique shops and various specialized shops,I wish them well and they make town more interesting and colourful.

Derek_GuernseyMan

As a Guernseyman, I would love to see a corresponding statistic on St Peter Port, it would be shocking...

Lots of shops boarded up in Gsy, empty, it's a waste... the few ones that are open are Pound or Charity shops, or the usual UK franchise Next etc.

Some friends of mine visited Jersey, and said on a Tues morning in October, King Street was as busy as the Gsy high street the Saturday before Christmas! Most of the time St peter port is empty apart from Sat...