The coronavirus pandemic has thrown Britain’s High Streets into crisis, yet the full force of its impact has yet to be felt, according to accountants PwC.
More than 17,500 chain stores and other venues closed in Great Britain last year, according to new data. That’s an average rate of 48 closures a day.
But the figures, which include hospitality and leisure venues, but not independent retailers, suggest the trend began before the pandemic.
Read the full article on the BBC website
NAM Implications:
- Lockdown accelerated developments of business faults already affecting companies…
- Article worth a read for the details.
- Except for those that prefer to ‘wait & see’.
