UK towns and High Streets need to think differently if they want to secure their place in the future, says the Future High Street Summit.
According to analyst MSCI, recent trends have shown that the town landscape is set to change in the next 12 months.
Figures show that 43 per cent of shopping centre leases and 37 per cent of High Street tenancies are due to expire by the end of 2015.
This prediction may mean that many High Streets will unlikely see the ‘big names’ continuing to dominate town centres.
The Future High Street Summit will be held in Nottingham on the 25th and 26th March, where sessions will be held highlighting these issues for High Streets.
Clare Rayner, founder of the Summit, said: “The purpose of this event is to demonstrate how attendees can embrace the High Street revolution.
“However, what they discover may well be that their past assumptions and prior experiences are redundant in this fast-changing economy.”
Three speakers are also taking part in the summit, including Diane Wehrle from Springboard Research, Zifa Sadriyeva from Zeta Economics and Bira’s Michael Weedon.