ACCORDING to recent research by the Centre for Retail Research (CRR) almost 150,000 jobs have been lost and nearly 20,000 outlets closed on the UK’s high streets.
The CRR also claim that 94,200 of those jobs were lost through administrations and liquidations while almost 30,000 jobs have been lost through CVAs.
A further 24,200 jobs were lost through companies undergoing restructures that led to a reduction in their estates and staff numbers, causing a total of 19,631 outlets to shut down during 2018.
Some of the big names to suffer in 2018 were House of Fraser, Maplin, Toys R Us, Newlook, Carpetright and Poundworld
The finger of blame has been pointed at the increasing trend in online shopping although some in the retail industry point to a lack of action by a Government caught up in the issue of Brexit.
The UK’s independent fact checker ‘Full Fact’ claims that Data from the Office for National Statistics (ONS) shows that retail jobs are seasonal, falling every spring and rising every winter, and that the drop in the first three months of this year was actually below average.