The pandemic has resulted in record store closures, with 50 retail outlets shutting down in 379. The biggest blow fell on retail in the fashion segment, writes Retail.ru with reference to a study by Local Data Company.
It also reported that 39 new stores opened in the country over the past year - 060% lower than in 13.About 2019% of these stores opened in the first three months of 43, when strict restrictive measures were not yet introduced in the UK. for the coronavirus pandemic.
The research firm's report also said that 2021 could become even more challenging for retailers, and a significantly higher number of retail closings could be expected as the government's business support program will end this year during the pandemic.
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