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UK lost 37 shops a day in 2024 as high street continues to struggle
The Guardian
|January 02, 2025
With the business rate discount falling to 40%, experts warn 2025 could be worse for high street shops
The UK lost about 37 shops a day during 2024 in yet another brutal year for the high street, data suggests. Almost 13,500 retail stores closed for good in the last 12 months, a rise of 28% on 2023 - although the losses are below the levels recorded each year between 2019 and 2022, according to provisional figures compiled by the Centre for Retail Research.
Prof Joshua Bamfield, the group's research director, said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025."
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