There was a sharp rise in the number of shops closing on the UK’s High Streets, shopping parades, and out-of-town shopping parks in 2022, according to the Centre for Retail Research (CRR).
More than 17,000 sites shut up shop – the highest number for five years. Total closures were nearly 50% higher than in 2021, the researchers said.
Read the full article on the BBC website
NAM Implications:
- We are in an unprecedented era where outlet profitability is a key criterion for both indys and branches of multiples.
- (And a close-down rate of 50% increase on 2022, is radical, believe me…)
- Creating new opportunities for survivors…
- …that are still there because they deliver more than it says on the tin, every time.
- There is no middle ground…
