Record number of shops close with worse yet to come, warn analysts

About 11,000 outlets shut in Britain in first half of 2020, twice as many as in same period last yearA record number of shops disappeared from Britain’s high streets in the first half of 2020 as the Covid-19 lockdowns hammered the retail sector. A total of 11,120 chain store outlets closed between January and June, while 5,119 opened. The 6,001 net store closures was a record high and compared with 3,509 in the first half of last year.What’s the problem? Continue reading...