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2022 Retail Job Losses Exceed 24,500

Baloncici - retail-to-let-istock1051698118

The Centre for Retail Research has published data pertaining to retail job losses and store closures to the end of August 2022.

The update follows the organisation's June 2022 update, and the 2021 summary, published in January 2022, which revealed that 2021 retail job losses reached 105,727, with store closures of 11,459.  

To the end of August 2022, a total of 2,067 stores have closed, with job losses reaching 24,504. 

All data tables are from the Centre for Retail Research.

Table 1 - Outcomes for 2022

Retailing 2022 (to end-August)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA840840
multiples: stores closed34 787821
multiples: jobs lost`1,435 15,52516,960
self-employed/concessions in larger shops190 658848
independent store closures795 4511,246
independent job losses3,767 2,0895,856
Total Job losses5,392 19,11224,504
Total store closures829 1,2382,067

* based on our current information.

Table 2 - Outcomes for 2021  (Updated March 2022)

Retailing 2021 (full year)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA9,1189,118
multiples: stores closed1,2513249422,517
multiples: jobs lost`24,1792,85140,84367,873
self-employed/concessions in larger shops3,8731073,9827,962
independent store closures3,760 5,0418,801
independent job losses11,882 14,01925,901
Total Job losses39,934 2,95862,835105,727
Total store closures5,0113246,12411,459

* based on our current information.

Table 3 - Outcomes for 2020 (to 31 December). 

Retailing 2020 

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA14,75514,755
multiples: stores closed20415332,9755,549
multiples: jobs lost53,36411,49644,521109,381
self-employed/concessions in larger shops8,7154908,24017,445
independent store closures4,189-6,30710,496
independent job losses12,286-28,69740,983
Total Job losses74,36511,98696,213182,564
Total store closures6,2305339,28216,045

* Correct to 31 December 2020.

Table 4 - Outcomes for 2019 (12 months)

Retailing 2019

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisation

NA

NA

9,593

9,593

multiples: stores closed

684

313

4,404

5,901

multiples: jobs lost9,06024,04243,16472,266
self-employed/concessions in larger shops5,8732,4205,99114,284
independent store closures5,720-4,45210,172
independent job losses23,171-19,81642,985
Total Job losses38,10326,46278,563143,128
Total store closures6,4043139,35616,073

Table 5 - Outcomes for 2018 (12 months)

Retailing 2018

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisation

NA

NA

19,112

19,112

multiples: stores closed

1,631

272

1,400

3,303

multiples: jobs lost (store closure)

22,671

3,900

11,862

38,433

self-employed/concessions in larger shops

1,300

2,200

1,350

4,850

independent closures

9,820

 

1,460

11,280

independent job losses

48,314

 

6,716

55,030

Total job losses

72,285

6,100

39,040

117,425

Total store closures

11,451

272

2,860

14,583

Source : All tables and data from Centre for Retail Research

Image : Baloncici / istockphoto.com (1051698118)

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21 September 2022

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Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

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Martin Elliott. Chief Executive - Home Hardware.
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