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flag UK retailers face massive store closures due to rising costs and shifting consumer habits.

flag Multiple UK retailers, including Homebase, Dobbies, New Look, and WHSmith, are closing stores before the end of February. flag Homebase alone plans to close 33 stores. flag The Centre for Retail Research predicts over 17,000 store closures this year due to higher costs like increased National Insurance contributions and minimum wage hikes. flag Online shopping, the cost of living crisis, and remote work are also contributing to the decline of high street retail.

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