High Street Crisis Deepens, Thousands of UK Shops Close Their Doors

For some time now, the UK has been concerned about the situation on high street – and those concerns have only grown. Thousands of UK shops have now been left empty, as the high street crisis deepens. In fact, data suggests that shop closures are at the biggest rise in five years.

According to this new data, 7,500 shops lay empty last year. Even though there has been a rapid rise of barbers, beauty salons, vaping stores, cafes and restaurants, it has not been enough to offset the closure of other stores. Specifically, banks, pubs, estate agents and fashion shops. In an analysis of the U.K.’s top 650 shopping locations, it was found that high street banks have become the fastest declining type of retail outlet in 2019, with 716 closures.

Several different chains have been hit the hardest, including: Poundworld, Maplin, Toys R Us and Multiyork. New Look Carpetright … Read the rest

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