Chesterfield is bucking retail trends and has been named one of the best performing shopping centres in the UK.
A study by the Local Data Company shows shop vacancy rates in Chesterfield fell from 8.7 per cent in 2012 to 7.7 per cent, placing the town eighth in the rankings of the best performing large shopping centres.
Chesterfield is also one of only three towns north of the Watford Gap listed among the best performing centres in terms of vacant shops.
Destination Chesterfield’s chairman, Peter Swallow, said: “The report is hugely encouraging, confirming our belief that Chesterfield’s retail sector is expanding rapidly.
“In the last two years many major high street names, including Debenhams and TK Maxx, have chosen to invest in Chesterfield further strengthening our retail offer. The town’s mix of independent and high street retailers and excellent location, coupled with good transport links and the growing property market, ensure footfall from local shoppers and those outside the area, helping make the town a go-to destination.”
Chesterfield has invested heavily in its retail offering, helping it attract inward investment from large high street names as well as fledgling businesses.
Its historic Market Hall is re-opening this month following a £4 million redevelopment and November will see Hobbycraft and Asda Living opening stores.
Derbyshire and Nottinghamshire Chamber of Commerce’s chief executive, George Cowcher, said: “Chesterfield has got it right in terms of its overall retail mix, which means it can offer something to every type of shopper.
“It has a popular market and some interesting and unique independent shops and boutique stores, as well as some big name national retail brands which help drive footfall into the town centre.
“Further developments due to come on stream later this year and beyond will help Chesterfield to continue to buck the national trend and attract even more investment into the local retail sector.”