UK DIY News
CRR Data Shows Job Losses & Store Closures Continue To Rise
The Centre for Retail Research has published data on job losses and store closures in the retail sector to the end of April this year.
Outcomes for 2021 (to end-April 2021)
Retailing 2021 (to end-April) | Administration | CVAs | Rationalisation | Totals |
| specific redundancies & rationalisation | NA | NA | 2,086 | 3,236 |
| multiples: stores closed | 1,103 | 149 | 1,252 | |
| multiples: jobs lost | 17,387 | 8,644 | 26,031 | |
| self-employed/concessions in larger shops | 2,482 | 435 | 2,917 | |
| independent store closures | 380 | 680 | 1,060 | |
| independent job losses | 2,280 | 2,720 | 5,000 | |
| Total Job losses | 22,149 | NA | 9,079 | 31,228 |
| Total store closures | 1,483 | NA | 149 | 1,632 |
* Correct to 30 April 2021, based on our current information.
Data collection for Independent store closures and job losses is only partly completed (as at end-April).The information, above, represents data received so far.
Total job losses stand at more than 31,000, while store closures have exceeded 1,600.
For comparison, 2020 full-year figures show job losses of more than 182,500, along with total store closures of more than 16,000.
Outcomes for 2020 (to 31 December)
Retailing 2020 | Administration | CVAs | Rationalisation | Totals |
| specific redundancies & rationalisation | NA | NA | 14,755 | 14,755 |
| multiples: stores closed | 2041 | 533 | 2,975 | 5,549 |
| multiples: jobs lost | 53,364 | 11,496 | 44,521 | 109,381 |
| self-employed/concessions in larger shops | 8,715 | 490 | 8,240 | 17,445 |
| independent store closures | 4,189 | - | 6,307 | 10,496 |
| independent job losses | 12,286 | - | 28,697 | 40,983 |
| Total Job losses | 74,365 | 11,986 | 96,213 | 182,564 |
| Total store closures | 6,230 | 533 | 9,282 | 16,045 |
* Correct to 31 December 2020.
In February, Professor Joshua Bamfield of the Centre for Retail Research revealed that retail job losses had reached 850 a day and warned that, “These losses will be the ‘tip of the iceberg’", ahead of the end of the moratorium on evictions and business rates holiday on 31st March 2021.
Source : Insight DIY Team with data from Centre for Retail Research
Image : Baloncici - istock 1051698118
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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