Centre for Retail Research news and archive

UK: Nearly 13,500 retail stores closed in 2024, independents hit hardest

New figures have shown that 13,479 retail stores across the UK closed for good over the course of 2024, an increase of 28 percent on levels from the year prior, according to provisional data from the Centre for Retail Research. This reflected a rate of around 37 store closures a day. Almost half of the yearly figure–7,537 in total–shuttered...

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2024 retail woes: 170,000 jobs lost, worse predicted ahead

The UK retail sector has faced yet another challenging year, with nearly 170,000 shop workers losing their jobs in 2024, according to data published this week by the Centre for Retail Research (CRR). The organisation reported that 13,479 stores shuttered operations between January and December, culminating in 169,395 job losses. The outlook for...

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Over 175,000 UK retail jobs lost in 2020

Over 175,000 UK retail jobs were lost in 2020 in what was a year of unprecedented difficulty for the sector, as the strain of extended store closures pushed many to the point of collapse. According to figures from the Centre for Retail Research (CRR), a total of 176,718 jobs were lost last year from high streets, main shopping destinations,...