In the UK, about 4 thousand stores will close.
Local Data analysts predict a reduction in the number of stores in the UK. According to the study, this year about 4 thousand stores will be closed on the busiest shopping streets in the country. Retailers, trying to cut costs, go online, writes RBC daily.
The past year for many retailers in the UK was the most unfortunate in terms of profit and profitability since 2008 year. Almost 200 companies officially declared bankrupt, closing stores or putting up a business for sale.
Companies do not see anything good for themselves in the 2013 year and predict the collapse of large networks. According to some reports, now 140 retailers are in a critical business situation. Companies see their future in online commerce, which will help save at least part of the business.