Home Business News More than 8,000 shops shuttered for the last time in six months

More than 8,000 shops shuttered for the last time in six months

by LLB Reporter
6th Sep 21 11:10 am

A study has found that a total of 8,739 shops across the UK closed for the last time in the six months to June this year.

The high street had a total of 3,643 closures, whilst shopping centres saw a total of 1,464 stores and retail parks lost 636 outlets.

In the same period 3,488 shops opened which is down by a total of 5,251, a survey by the Local Data Company for accountancy firm PwC found.

The next six months will be make or break for many chains, according to PwC’s Lisa Hooker.

Hooker said, “Operators are far from out of the woods… particularly with the reinstatement of full business rates for all but the smallest operators, the winding-down of furlough support and agreement yet to be reached between many operators and landlords on rent arrears.

“But the good news is that there are some green shoots of optimism. Consumers still want a shopping experience and a number of chain stores and restaurants are opening.”

She warned, “The next six months will be make or break for many, particularly with the winding down of furlough and the need for agreement on rent arrears.”

You may also like

Leave a Comment

CLOSE AD

Sign up to our daily news alerts