UK retailers face closures of up to 8,543 stores in 2024 due to financial pressures.

UK high street retailers like WHSmith and Homebase are expected to close many stores in 2025 due to the cost of living crisis, reduced consumer spending, and rising business costs. Despite store closures, some companies plan to expand in other areas, such as WHSmith opening new stores in airports and railway stations. The Centre for Retail Research estimates 8,543 UK retail outlets will close in 2024.

December 30, 2024
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