Whilst the drivers of change affecting high streets are complex and cross discipline boundaries, the management and marketing literature may offer some solutions. To simplify the literature, we have reviewed potential high street interventions under the broad categories of ‘repositioning’, ‘reinventing’, ‘rebranding’ and ‘restructuring’.
Repositioning is a strategy that can be used to counteract decline (Smith, 2004). Rapid economic, political, and social changes, are most likely to lead places to repositioning strategies that will allow them to identify potential competitive advantages (Kavaratzis and Ashworth, 2008). The focus of any interventions here should be on understanding the forces of change and the value of unique responses that reposition individual high streets, through building on distinct capabilities (such as local identity, Edensor, 1998) but are accommodative of future trends (such as an ageing population or the growth of m-commerce) and are therefore more resilient (Wrigley, and Dolega, 2011).
Reinventing should focus on elements of the place product within a framework of place marketing which suggests that any new developments should be guided by the marketing principle of meeting the needs/wants of identified target audiences (Ashworth and Voogd, 1990). The “reinventing” process of urban places can be built on activities that aim to revitalise a place’s identity and image; identity and image can be seen as both static (for communicative purposes in a fixed time) and dynamic, which recognises the uniqueness of each place and the difference in each stakeholder’s view about a place (Kalandides, 2011; Warnaby, 2011; Kavaratzis and Hatch, 2013). It is the latter view that can be used as a driver for reinventing places such as high streets and city centres; a framework built on these premises can unarguably assist the development of rejuvenated, competitive retailing spaces, which will merge innovation and local place identity, and will be meaningful for all stakeholders (Coca-Stefaniak, Parker, Quin, Rinaldi and Byrom, 2009). Retailing is an important element of the urban place product, and “reinventing” this sector along with improvements on complimentary elements of place can contribute to a better understanding of the formation of the “holistic” place product (Warnaby, Bennison and Davies, 2005).
Rebranding should focus on the communication of image and identity as previous studies demonstrate that place consumers may find that the place experience meets or exceeds expectations whilst the image of the place is ‘problematic’ (Selby, 2004). Rebranding a place is mainly concerned with the application of branding, marketing communications, and public relations techniques in order to deliver a consistent place identity, which can form a sum of beliefs, ideas, and impressions in the minds of potential consumers of a place (Kotler & Gertner, 2002). It can be thought of as the ‘organising principle’ for integrating measures (e.g. events, media relations, residents’ participation). Place branding can evoke favourable place images that transfer emotional and self-expression values, as well as utilitarian attributes to individuals (Caldwell & Freire, 2004). These images are part of a place’s secondary communication efforts (Kavaratzis, 2004), which consists of various slogans, advertisements, and PR campaigns which aim to assist a place’s actions towards development. Successful place brand management can lead to positive word-of-mouth, and also assist in the transformation of negative images (Hanna & Rowley, 2011; Skinner, 2011). The need to identify how potential stakeholders can co-create the place brand is the focus of recent developments in place branding (Warnaby, 2009; Hatch and Schultz, 2010). High streets, and particularly the retail sector, with the multitude of stakeholders involved in it (users, brokers, fixers) (Pal and Sanders, 1997), can highlight the desires, needs, and views of those stakeholders, which can lead to a better understanding of how place brands are created and evolve (Kavaratzis, 2009; Hanna & Rowley, 2011; Kavaratzis & Hatch, 2013).
Finally, restructuring, should focus on forms of management and governance, including formal and informal (Coca-Stefaniak et al, 2009; Peel, 2003); regulatory, functional, and contractual (Lloyd and Peel, 2008; Peel et al, 2009) and modes of communication / knowledge exchange (Peel and Lloyd, 2008a, b). Consequently, the major point of interest is how high streets can be restructured in order to facilitate all the changes mentioned above. Place management and retail management are recognised as interdependent areas, and practices that entail both commercial and locational benefits is the best way forward (Bennison, Warnaby and Pal, 2010). Restructuring and cooperation of all place stakeholders and creation of strategic networks and transparent public-private relationships can nurture conditions for the sustainable development of a place (van den Berg and Braun, 1999; Rainisto, 2003). Physical restructuring is also another area which is encapsulated in place management and place marketing strategies; the proper use of current infrastructure (temporal) and the development of new retail spaces are major antecedents of place attractiveness and place development (Pike, 2010; Teller and Elms, 2010). In the case of retailing, the best spaces created from restructuring can enliven the high street and also shape a better image for the place which can enhance retail operations (Pal and Byrom, 2003).
This review has been written by Cathy Parker, Nikolaos-Foivos Ntounis and Mihalis Kavartzis for an Economic and Social Research Council Knowledge Exchnage Project : High Street UK 2020. The full list of references is available upon request. Please contact email@example.com