Published: 15th Mar 2021

The full impact of the pandemic is yet to be felt in Britain’s high streets, with many shops ‘temporarily closed’, according to new research. The research by PwC and the Local Data Company (LDC) found that many shops which are ‘temporarily shut’ are unlikely to return once restrictions are lifted, as more people change their shopping habits for good. It also found that on average 48 chain stores are closing a day, with only 21 opening. According to the study, almost 10,000 chain stores disappeared from Great Britain’s retail locations last year. In total, 7,655 shops opened, compared to 17,532 closures, leading to a net decline of 9,877. Retail parks have seen the smallest number of net closures of any location (453), compared to high streets (4,690) and shopping centres (1,791). Small towns, which have long been in decline at the expense of more populous areas and cities, are now also … (To read the full article, subscribe below)