UK DIY News
CRR Data Reveals 2023 Retail Job Losses And Store Closures
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 & rationalisation | NA | NA | 5,188 | 5,188 |
| multiples: stores closed | 353 | 322 | 675 | |
| multiples: jobs lost | 3,185 | 11,689 | 14,874 | |
| self-employed/concessions in larger shops | NK | NK | NK | |
| independent store closures | NK | NK | NK | |
| independent job losses | NK | NK | NK | |
| Total Job losses | 3,185 | 11,689 | 14,874 | |
| Total store closures | 353 | 322 | 675 |
* 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 & rationalisation | NA | NA | 13,240 | 13,240 |
| multiples: stores closed | 549 | 5,506 | 6,055 | |
| multiples: jobs lost | 6,732 | 69,977 | 76,709 | |
| self-employed/concessions in larger shops | 1,678 | 6,106 | 7,784 | |
| independent store closures | 4,960 | 6,130 | 11,090 | |
| independent job losses | 23,504 | 30,237 | 53,741 | |
| Total Job losses | 31,914 | 119,560 | 151,474 | |
| Total store closures | 5,509 | 11,636 | 17,145 |
* based on our current information.
Source : All tables and data from Centre for Retail Research
Image : Baloncici / istockphoto.com (1051698118)
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