Northern Ireland’s High Streets Look To Bounce Back In 2023

Northern Ireland’s high streets are set to bounce back in 2023, with a number of new businesses opening and footfall increasing.

A survey by Retail NI found that 60% of retailers are expecting to see an increase in sales in 2023, with 50% planning to hire more staff.

The survey also found that consumers are becoming more confident about spending money, with 70% saying they plan to spend more in 2023 than they did in 2022.

A number of factors are contributing to the positive outlook for Northern Ireland’s high streets.

• The cost of living: The cost of living is rising, but wages are also increasing. This means that people have more disposable income to spend on non-essential items.
• The return of tourism: The number of tourists visiting Northern Ireland is expected to increase in 2023, which will boost footfall on high streets.
• The growth of online shopping: Online shopping is growing, but it is not replacing physical stores. Many consumers still prefer to shop in person, and online shopping can be used to complement physical stores.

There are a number of things that can be done to support the recovery of Northern Ireland’s high streets.

• Councils can provide financial support to businesses, such as grants and loans.
• Councils can also work with businesses to improve the appearance of high streets, such as by planting trees and installing street furniture.
• Businesses can work together to create a more vibrant and welcoming atmosphere on high streets, such as by organizing events and promotions.

The recovery of Northern Ireland’s high streets is a complex issue, but there are a number of factors that are contributing to the positive outlook for 2023.

With the support of councils and businesses, Northern Ireland’s high streets can bounce back and become vibrant and thriving places once again.