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CRR Data Reveals 2023 Retail Job Losses And Store Closures

Baloncici - retail-to-let-istock1051698118

The Centre for Retail Research has published data pertaining to retail job losses and store closures so far this year.

The update follows the organisation's January 2023 update, which revealed that 2022 retail job losses reached 151,474, with store closures of 17,145.

All data tables are from the Centre for Retail Research.

Table 1 - Outcomes for 2023*  

Retailing 2023 (to 20 Feb)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA5,1885,188
multiples: stores closed353 322675
multiples: jobs lost3,185 11,68914,874
self-employed/concessions in larger shopsNK NKNK
independent store closuresNK NKNK
independent job lossesNK NKNK
Total Job losses3,185 11,68914,874
Total store closures353 322675

* based on our current information to 20 Feb 2023.

Table 2 - Outcomes for 2022

Retailing 2022 (12 months to end-December)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA13,24013,240
multiples: stores closed549 5,5066,055
multiples: jobs lost6,732 69,97776,709
self-employed/concessions in larger shops1,678 6,1067,784
independent store closures4,960 6,13011,090
independent job losses23,504 30,23753,741
Total Job losses31,914 119,560151,474
Total store closures5,509 11,63617,145

* based on our current information.

Source : All tables and data from Centre for Retail Research

Image : Baloncici / istockphoto.com (1051698118)

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23 February 2023

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