UK: Vape Shops Are The Third Most Common Retail Sector

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The rise in vaping has also coincided with a decline in the quantity of adults who smoke cigarettes. This has dropped from 7.7 million in 2011 to six.1 million in 2017.

A report by 365 Business enterprise Finance, has indicated that barbers, beauty salons, vape shops, cafes and tearooms, along with restaurants and bars have been the quickest expanding retail sectors in the UK more than the previous 3 years. The nearby information enterprise has discovered that these retailers have regularly skilled the highest quantity of net shop openings, with 1,176 new vape outlets, in 2016, 2017 and 2018.

The important findings have been as follows:
“In the UK in 2017 there have been about two.eight million adults who mentioned they smoked an e-cigarette.

  • The rise in vaping has also coincided with a decline in the quantity of adults who smoke cigarettes. This has dropped from 7.7 million in 2011 to six.1 million in 2017.
  • Vaping is often cited as a way to cease smoking – and about 600,000 individuals in England say they are applying it as a signifies to do so.
  • This demand has manifested itself on the higher street with vape shops now getting one particular of the quickest expanding retail categories. In total there are about two,000 vape shops in the UK.

In order to place this into context, the information enterprise has developed a virtual higher street, Recovery Road, in order to far better demonstrate the evolving face of the UK retail market. By reviewing the statistics on these expanding retail categories, it discovered that “even although vape shops have skilled a 35% lower in the net quantity of units opened amongst 2017 and 2018, they have been nevertheless the third quickest expanding category in 2018. This comes at a time when a substantial quantity of vapers say that they use e-cigs as a smoking cessation help.



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