Britain’s retail apocalypse: why your favourite stores KEEP closing down
TED Baker is at risk of vanishing from the high street forever in another blow for the UK high streetafter a deal went sour between its American owners, Authentic Brands, and a Dutch operating partner that was meant to run the store operations.Major fashion chain to shut ALL stores & disappear from high street forever
RETAILERS have been feeling the squeeze since the pandemic, while shoppers are cutting back on spending due to the soaring cost of living crisis.costs and a move to shopping online after the pandemic are also taking a toll, and many high street shops have struggled to keep going.The number of jobs lost in British retail dropped last year, but 120,000 people still lost their employment, figures have suggested.
"The cost-of-living crisis, inflation and increases in interest rates have led many consumers to tighten their belts, reducing retail spend," Prof Bamfield said.
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