×
232
Fashion Jobs
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
RJCUBE STAFFING SOLUTIONS PVT LTD
General Manager/vp - Export Marketing For Terry Towel Products, Noida
Permanent · Noida
HECTOR AND STREAK CONSULTING PVT LTD
Assistant Manager Production - Textile,Fabrics,Plastic,
Permanent · NASHIK
HECTOR AND STREAK CONSULTING PVT LTD
Manager Accounts - For a Manufacturing Company in Mumbai
Permanent · Mumbai
GENIUS CONSULTANTS LIMITED
Warehouse Manager in a Leading Garments Manufacturing Company
Permanent · Kolkata
GENIUS CONSULTANTS LIMITED
Digital Marketing Executive@ Hiring is Going on
Permanent · Kolkata
SUPER FASHION
HR Manager / sr. HR Manager (For Garments Industry)
Permanent · Faridabad
SUPER FASHION
General Manager Production / Production Manager (Knits Garments)
Permanent · Faridabad
CAREERPLUS PLACEMENTS PRIVATE LIMITED
Opening-Head Production - Leather Bag @Chennai
Permanent · Chennai
RELIANCE INDUSTRIES LTD
Cluster Merchant
Permanent · COIMBATORE
KOMAL TEXFAB PVT LTD
Export Manager - Documentation
Permanent · Ahmedabad
HONEYBEEZ CONSULTANCY
Business Development Manager
Permanent · Mumbai
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Chennai
JOBS TERRITORY
Hiring For Sales Manager |3 to 6 Yrs Exp | Bangalore
Permanent · Bengaluru
JOBS TERRITORY
Hiring For Sales Manager |3 to 6 Yrs Exp | Bangalore
Permanent · Bengaluru
IDEASPOT CONSULTANT
Digital Marketing Manager - Reputed Garments Company
Permanent · Kolkata
IDEASPOT CONSULTANT
Manager HR & ir - Reputed Garments Industry - Kolkata
Permanent · Kolkata
IDEASPOT CONSULTANT
Marketing Manager - Reputed Garments Company - Kolkata
Permanent · Kolkata

UK store closures rise, fashion has big impact - LDC report

Published
today Sep 11, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The crisis on the UK’s high streets is accelerating with the number of shops that are empty (as well as pubs and restaurants that also help attract shoppers to an area) rising faster than it has for around a decade.


UK store closures have accelerated - Image: Tim Mossholder



In the first half of this year, around 16 stores a day were closed, while nine were opened. That meant a net decline of 1,234 chain stores on the top 500 high streets in the UK.

That’s according to analysis from PricewaterhouseCoopers (PwC) and specialist researcher the Local Data Company (LDC).

The figures exclude independent stores and given the anecdotal evidence on this front, it paints a bleak picture of UK high streets.

The number of net closures was also high in the same period last year (at 1,123), and that was also a sharp acceleration, the drop having been only 222 in the previous period in 2017. But the 2019 decline is the highest since LDC started tracking the numbers back in 2010.

The decline has come as some retailers have gone under and others have reduced their store numbers as a survival strategy, the closures often facilitated by CVAs. 

But in addition to stores lying empty, there’s a bigger cost with retail landlords seeing major dents in their income and large numbers of job losses also being seen at retail chains. In the three months to the end of August, 57,000 fewer people were employed in retail than a year earlier, the Office for National Statistics (ONS) said this week, with the general jobs trend having been down for the past five quarters.

And fashion has played a big part in the trend with stores from Topshop to New Look, Karen Millen, Jack Wills, Pretty Green and many more exiting physical spaces. Fashion retail saw a net loss of 118 stores in the first half of this year.

Copyright © 2020 FashionNetwork.com All rights reserved.