37 Shops Closed Every Day In 2024 As Cost Of Living Bites

2nd January 2025

In the UK 37 shops a day closed during 2024 in one of the worst trading periods in recent years.

The Centre for Retail Research latest report shows small businesses operating between one and five stores, accounted for 84.1% of all store closures during 2024 as those shutdowns soared by more than 45%

The latest data on store closures suggests that during the 2024 calendar year 13,479 shops in high streets, main shopping destinations, towns and villages, as well as small shopping parades, closed for good - up 28.4% on the 10,494 shops that closed in the previous year.

In 2024 a number of big chains collapsed, including Homebase, the Body Shop, Lloyds Pharmacy, Carpetright and Ted Baker.