One store closes every hour in the UK

It’s hard to take in that GAP, Jigsaw, Mothercare, Carphone Warehouse, Oasis, Evans, Thorntons, TopMan and Toys ‘R’ Us have all gone from our high streets forever! Yet arguably the biggest single blow of them all, has to be the closure of all 124 Debenhams department stores, leaving so many of our towns and cities looking totally abandoned. 

Many of our banks have seized upon this as an opportunity to accelerate their branch closures, despite making record profits. Barclays has already closed 84 branches this year alone, while Lloyds closed 267 in just three months. Retail job losses in the first six months of 2021 exceeded 190,000 and now one store closes every hour in the UK. 

Ben Demash

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