CRR news and archive

Retail job losses reach nearly 15,000 for start of year

Not even two months into 2023, and retailers have already slashed 14,874 jobs across the UK, a new report by Centre for Retail Research (CRR) has found. It comes as retailers across the country continue to face a slew of challenges against an uncertain macroeconomic climate, as well as offsets of the pandemic and inflation in the region. It...

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Retail crisis: Nearly 6000 shops closed by major retailers this year

London - The UK retail sector is in crisis, as new figures from the Centre of Retail Research (CRR) show nearly 6,000 store multiples have been shuttered in 2019 to date. The ongoing crisis, which in 2018 saw 18,344 store closures, shows a retail industry unable to cope with high costs, low profitability, and losing sales to online shopping....