uk iconUK

Great Britain's high streets lost more than 17,500 chain store outlets in 2020

More than 17,500 chain store outlets disappeared from high streets, shopping centres and retail parks across Great Britain last year as the Covid-19 pandemic spurred the worst decline on record.

Great Britain's high streets lost more than 17,500 chain store outlets in 2020
smsfadviser logo

An average of 48 shops, restaurants and other leisure and hospitality venues closed permanently every day across England, Wales and Scotland, and only 21 opened, according to the figures compiled by the Local Data Company (LDC), a research provider, for the accountancy firm PwC.

Read more at The Guardian.

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox