More than 17,000 chain store outlets closed across Britain last year, according to new research.
The figures, compiled for the accountancy firm PwC, reflect the rise of online shopping and the impact of the pandemic. However, the data suggests the rate of closures is slowing as more independent firms take on space.
Read the full article on the BBC website
NAM Implications:
- Patently, closure rates are related to the type of retailer and location, as always.
- Best dig into the detail for your categories.
- Overall, a rationalisation of outlet numbers resulting from the move to online…
- But above all, significant change taking place…
- …and therein lies opportunity.
