More than 8,700 chain stores closed in British High Streets, shopping centres and retail parks in the first six months of this year according to a resent report.
This equates to around 50 outlets a day shuttering as the impact of Government restrictions hit many towns and city centres.
The store closure figures were collected by the Local Data Company on behalf of accountancy firm PwC.
The report said: “After an acceleration in store closures last year couple with last minute Christmas tier restrictions and lockdowns extending into 2021, we might have expected a higher number of store closures this year.”
The Local Data Company tracked more than 200,000 stores operated by businesses with more five outlets across Great Britain. These include everything from retail and restaurants, to cafes, banks and gyms.
Although 3,488 stores opened in the first six months of 2021 the closures were far greater. A total of 8,739 shops shut creating a net decline of 5,251 outlets.
This comes as the wealth of Amazon owner Jeff Bezos rockets to over $200 Billion to make him the richest man in the world.
Unity News Network (UNN) Staff Writer | To find out more details about our staff, please head to the About Us section on our website.
