Fall in London shoppers lower than in rest of UK
She added that London’s status as a tourist destination was “probably why it’s faring much better on average compared to the rest of the UK”.
More than 13,000 High Street stores were shuttered for good in 2024, figures compiled by the Centre for Retail Research show.
It found that 11,341 independent stores were shut last year, a 45.5% jump compared to 2023.
Price rises and High Street job losses are “inevitable” following a rise in National Insurance contributions announced in October’s budget, a group of the biggest retailers in the UK has warned.
Ms Matthews added: “The retailers are likely to say they’ll be facing challenges as we head into 2025 and it’s something they’re already bracing themselves for, so that is going to bring with it the financial challenges that we saw outlined in the autumn budget.”
Related
Tesco trials giant trolley scales in Gateshead
Although some Reddit users who commented on the photo of the scales were positive with one saying "they are 10x more convenient and faster", many were more crit
Popular shop closes doors in ‘huge loss’ to loyal customers
A beloved high-street shop will close its doors after 20 years in business, coming as a "huge loss" to loyal customers. Simply Baby in Lancaster announced on We
Shoppers claim Tesco has gone too far with new ‘dystopian’…
Tesco is trialling a new checkout feature (Picture: Alex Segre/UCG/Universal Images Group via Getty Images) Tesco shoppers in Gateshead might no
Stars from BBC show Gladiators to appear at Bluewater Shopping…
The stars of the show will be at Bluewater Shopping Centre on Saturday, March 22, and Sunday, March 23, for an "action-packed immersive experience". The
