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...

FeaturedMember

Retail

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...

FeaturedMember

Retail

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,...

FeaturedMember

Retail

Store closures and job losses to plague retail in 2020

London - The retail crisis looks set to continue in the new decade as estimates of store closures and lost jobs will increase in comparison to 2019. The Centre for Retail Research predicts 171,669 job losses in 2020 (an increase of 19.8 percent) and 17,565 store closures (an increase of 9.3 percent). The Centre for Retail Research has been...