London Daily

Focus on the big picture.
Saturday, May 31, 2025

Almost 50 shops a day disappear from High Streets

Almost 50 shops a day disappear from High Streets

More than 8,700 chain stores closed in British High Streets, shopping centres and retail parks in the first six months of this year, research suggests.

That is an average of nearly 50 outlets a day as the impact of the pandemic and changing shopping habits continue to hit many towns and city centres.

But despite some high-profile retail failures, the number of closures has fallen compared with a year earlier.

City centres have suffered the worst, while retail parks are faring better.

The store closure figures were collected by the Local Data Company on behalf of accountancy firm PwC.

"After an acceleration in store closures last year couple with last minute Christmas tier restrictions and lockdowns extending into 2021, we might have expected a higher number of store closures this year," says Lisa Hooker, consumer markets lead at PwC.

She believes continued government support combined with resilient consumer spending has helped many operators weather the storm and survive the pandemic.

The Local Data Company tracked more than 200,000 stores operated by businesses with more five outlets across Great Britain. These include everything from retail and restaurants, to cafes, banks and gyms.

As the chart below shows, although 3,488 stores opened in the first six months of 2021 the closures were far greater. A total of 8,739 shops shut creating a net decline of 5,251 outlets - a huge number, but 750 less than this time last year.


Fashion retailers recorded the biggest decline reflecting the collapse of Sir Philip Green's retail empire which saw his brands, including TopShop and Dorothy Perkins, disappear from the High Street.

More than 120 department stores also shut for good.

There was also a decline in car showrooms, betting shops and banks, providing yet more evidence of changing shopping behaviour and the shift to online.

Data also shows that store openings were at their lowest level for six years. Leisure dominated the growth with takeaway chains leading the way.


And it is city centres that are still suffering the most, declining faster than suburban areas which are being supported by people working from home.

London, for instance, has gone from being the best performing region in 2016 to the worst for two years running.

Retail parks have fared best of all. Many are anchored by supermarkets, DIY and furniture retailers which have all done well during the pandemic.

Footfall at these sites is almost back to pre-pandemic levels, showing how shoppers seem happier to drive to bigger shops than visit High Streets and shopping centres in towns.


However, there is still an appetite for new space on the High Street.

Gail's Bakery has just opened a new outlet in Kew, a suburb in south west London, in what was once a branch of Barclays bank. The chain has opened four bakeries during the pandemic, seizing the opportunity to take advantage of cheaper rents and a change in consumer behaviour.

Gail's co-founder and chief executive Tom Molnar

"I definitely think people are eating better food more often and more often at home and I think that's a great trend for us," says co-founder and chief executive, Tom Molnar. "Instead of using Gail's as a treat, they're using it more as a staple,

"When rents go down, more creative-based businesses can survive... I do have some confidence that new ideas will come in [to the High Street]," he says.

'Green shoots'


So is the worst now over from the turmoil of the last few years?

These latest closures follows the loss of more than 17,500 chain outlets last year.

"There are promising signs that the speed of the decline we were tracking across the worst of the pandemic is slowing," says Lucy Stainton, head of retail and strategic partnerships at the Local Data Company.

"That being said, the compound impact of multiple lockdowns can't be ignored and whilst a slowdown in store closures is certainly welcome, the volume of empty units across Great Britain is at a record high with no sign that the demand will ever be there to meet the supply."

The next six months will be make or break for many chains, according to PwC's Lisa Hooker.

"Operators are far from out of the woods... particularly with the reinstatement of full business rates for all but the smallest operators, the winding-down of furlough support and agreement yet to be reached between many operators and landlords on rent arrears, " she says.

"But the good news is that there are some green shoots of optimism. Consumers still want a shopping experience and a number of chain stores and restaurants are opening."

Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
Labour MPs Urge Chancellor to Tax Wealthy Over Cutting Welfare
Publication of UK Child Poverty Strategy Delayed Until Autumn
France Detains UK Fishing Vessel Amid Post-Brexit Tensions
Calls Grow to Resume Syrian Asylum Claims in UK
Nigel Farage Pledges to Reinstate Winter Fuel Payments
Boris and Carrie Johnson Welcome Daughter Poppy
×