Britain’s retail apocalypse: why your favourite stores KEEP closing down
A LEGENDARY antiques shop loved by celebrities and designers is closing after 60 years on a busy high street.But the shop is set to close on this Christmas Eve after Genevieve Weaver founded it back in 1963, the
Figures from the Centre for Retail Research revealed that 10,494 shops closed for the last time during 2023, and 119,405 jobs were lost in the sector. "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.
Alongside Wilko, which employed around 12,000 people when it collapsed, 2023's biggest failures included Paperchase, Cath Kidston, Planet Organic and Tile Giant.
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