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...
20 Feb 2023
Nearly 10,000 retail jobs have been lost since the start of the new year according to research from the Centre for Retail Research (CRR). With 143,100 jobs lost in 2019, estimates for 2020 are worse, with 171,669 job losses projected this year, an increase of 19.8 percent. A further 17,565 store closures are expected to shutter, an increase of...
27 Jan 2020
High costs, low profitability, and losing sales to online shopping are just some of the factors affecting physical store owners. As a result, 2019 was one of the worst years for UK high streets that saw a total of 143,100 jobs lost according to figures from the Centre for Retail Research (CRR). Retail in crisis Professor Joshua Bamfield, a...
30 Dec 2019
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. According to...
19 Nov 2019