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CRR: January Store Closures And Job Losses

Baloncici - retail-to-let-istock1051698118

The Centre for Retail Research has published data pertaining to retail job losses and store closures during January 2024.

The update follows the organisation's 2023 summary which revealed that 3,721 stores have closed and 37,072 retail jobs were lost in 2023.

According to the data, 2,320 stores have closed and 33,241 retail jobs were lost in 2023.

All data tables are from the Centre for Retail Research.

Table 1 - Outcomes for 2024 - January*

Retailing 2024 (January only)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA240240
multiples: stores closed74 41115
multiples: jobs lost530 1,8402,371
self-employed/concessions in larger shops  1313
independent store closures8 1422
independent job losses32 71103
Total Job Losses82 55137
Total Store Closures563 2,2042,767

Table 2 - Outcomes for 2023*

Retailing 2023 (12 months)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA30,29030,290
multiples: stores closed790 1,9112,701
multiples: jobs lost20,139 25,28945,428
self-employed/concessions in larger shops3,450 5,8479,297
independent store closures2,931 4,8627,793
independent job losses13,483 20,90734,390
Total Job Losses37,072 82,333119,405
Total Store Closures3,721 6,77310,494

Table 3 - Outcomes for 2022*

Retailing 2022 (12 months)

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

Table 4 - Outcomes for 2021  

Retailing 2021 (full year)

Administration

CVAs

Rationalisation

Totals

specific redundancies & rationalisationNANA9,1189,118
multiples: stores closed1,2513249422,517
multiples: jobs lost24,1792,85140,84367,873
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 5 - 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 6 - 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 7 - 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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12 February 2024

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