More than 13,000 high street stores were shuttered for good last year as experts warned there is “worse set to come” in 2025 because of Budget cost hikes.
It also predicted that even more will shut this year as national insurance contribution increases and higher wages take their toll on local stores.’s latest analysis found that 13,479 stores, the equivalent of 37 each day, shut their doors for good over the calendar year.The provisional national data showed that the vast majority of closures were small independent retailers, which have seen Covid-era financial support cut back.
Major chains including Ted Baker, Homebase and Carpetright shut stores after entering insolvency during the year.Retailers including Boots and Shoe Zone cut their store numbers during the year. The busiest day of the year, when record-breaking footfall was recorded, was Saturday, December 14, which ended up being the highest figure recorded on High Street since Shrewsbury BID began recording the data in 2015.
The Centre for Retail Research has said they expect store closures to rise to about 17,350 during 2025 with about 14,660 coming from independent retailers.
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