Empty shop numbers continue to rise

02 Aug 2021

The number of empty shops in the UK has continued to rise as retailers struggle with the impact of the coronavirus (COVID-19) pandemic, according to the latest figures from the British Retail Consortium (BRC).

One in seven shops is now empty across the UK and the number is continuing to rise despite the re-opening of the economy.

The COVID pandemic has accelerated a shift towards online shopping and shopping centres have been hardest hit, with nearly one in five units empty, the BRC said. The vacancy rate in retail parks is also rising quickly as they lose stores.

The northeast of England had the highest vacancy rate, followed by Wales and the northwest.

Fashion retailers have been hit hard by the pandemic, with the closure of high street brands such as Debenhams and Topshop contributing to vacancies.

The number of empty shops could continue to rise following the ending of the business rates holiday, the BRC added.

Helen Dickinson, Chief Executive of the BRC, said: 'It comes as no surprise that the number of shuttered stores in the UK continues to rise after retailers have been in and out of lockdown for over a year.'

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2024 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited, 52-56 Leadenhall Street, London, EC3A 2EB (Policy Number: 44402654). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.