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.'


xero quickbooks.png sage.png kashflow.png
Copyright

© 2022 Mark J Rees LLP. All rights reserved.

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

Please call:
0116 2549018

Address
Mark J Rees LLP, Granville Hall, Granville Road, Leicester, Leicestershire LE1 7RU

Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074. A list of members’ names is available at the business address. MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority.

‘Partner’ refers to a director of a corporate member.