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Many commentators had expected to see widespread growth of the regional shopping centre in the 1990's. Examine critically the reasons why this was not the case.
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Many commentators had expected to see widespread growth of the regional shopping centre in the 1990's. Examine critically the reasons why this was not the case. Introduction Retailing is one of the most important sectors in all developed economies and retail property i.e. shops and shopping centres, constitute an important part of a country's built environment (Boucke, 1989). The amount of floorspace devoted to retail and service activities in Britain is over seventy million m2 and city centres, as well as their peripheries, have changed radically in their appearance and function during the last thirty years. Development of new retail floorspace has been one of the most important areas of capital expenditure in Britain in the last two decades. For example, in the financial year of 1991/1992, Tesco plc spent around £1 billion on the development of new superstores (Guy, 1994). However, in recent years the focus has shifted away from the...
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