“Struggling retailers closed a record 18,355 stores in 2018”

“More shops closed down in 2018 than in any year on record, as the crisis on the high street deepened and retailers went into full retreat.

Analysis for The Sunday Telegraph by the Local Data Company shows that 18,355 stores brought their shutters down for the final time.

There were around 13,676 shop openings last year, producing a net loss of 4,679 retail outlets, up more than 1,600 on 2017 as retailers such Marks & Spencer scrapped expansion plans.

Including banks and restaurants the total number of consumer outlets that closed was 50,828, also a record. …”

https://www.telegraph.co.uk/business/2019/02/09/struggling-retailers-closed-record-18355-stores-2018/
(pay wall)

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