Simply Business has predicted that a staggering 132,945 small businesses on UK high streets will cease to exist within 15 years, with electrical appliance shops, pubs, and bars among the most affected. The decline is attributed to competition from online retailers and changing consumer behavior.
An eye-watering 132,945 small businesses on UK high streets will be extinct within 15 years - with local pubs and bars set to vanish in little over a decade.
Meanwhile, according to analysis of ONS data, shoe shops and homeware stores are currently experiencing the fastest decline and will cease to exist by 2034. Geoff Keen, Landlord of The Pelton Arms said: “It’s bittersweet to be taking part in Simply Business’ ‘Bleak Friday’ campaign as it brings to light the very real fears that keep all small and independent business owners up at night. We understand firsthand how difficult times are not just for pubs but across all sectors to keep our livelihood afloat against the various issues we face on a daily basis.
High street businesses including greengrocer Reg the Veg , M.Manze pie shops , Top of the Town and East End pub The George Tavern , have taken to social media to share their own extinction dates, if the current state of decline continues.
UK High Street Small Business Extinction Electrical Appliance Shops Pubs Bars Online Retailers Black Friday Deals
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