More than 8,700 chain stores closed in British High Streets, shopping centres and retail parks in the first six months of this year, research suggests.
That is an average of nearly 50 outlets a day as the impact of the pandemic and changing shopping habits continue to hit many towns and city centres.
But despite some high-profile retail failures, the number of closures has fallen compared with a year earlier.
Read the full article on the BBC website
NAM Implications:
- If your business relies on the high street, you won’t need reminding (but worth checking by channel, above…).
- But given that the perception of a succession of closing shops can freak cautious shoppers…
- …on their way to ‘proper shops’…
- …then any erosion of High Street must give us pause.
- The initial lockdown fallout pushed on the brink retailers over the edge a little faster than expected.
- Help is now required for essentially good businesses to optimise…
- …for all our sakes.
