Retail Industry Faces Crisis: Closure of 2,300 Stores in the UK
Thursday, 12 September 2024, 07:00
Retail Industry Crisis: Overview of Closures
The retail industry is experiencing a significant downturn, highlighted by a recent survey revealing that 2,300 stores have become vacant in the UK over the first half of the year. Notably, the closures are attributed to major chains such as chemists, pubs, and banks.
Significant Insights from the Survey
According to research conducted by Green Street for PwC, the closures have occurred at a startling net rate of 12 stores per day. These three sectors alone contribute to half of the observed closures, indicating a troubling trend for shops and shopping...
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.