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CRR: Latest Retail Store Closures And Job Losses

The Centre for Retail Research has published data pertaining to retail job losses and store closures from January to the end of August, 2024.

The update follows the organisation's 2023 summary which revealed that 10,494 stores were closed and 119,405 retail jobs were lost in 2023.

According to the data, 4,978 stores have closed and 54,699 retail jobs were lost between January and the end of August 2024.

All data tables are from the Centre for Retail Research.

Table 1 - Outcomes for 2024 *

Retailing 2024 (end August)	Administration	CVAs	Rationalisation	Totals
specific redundancies & rationalisation	1,065	NA	12,281	13,335
multiples: stores closed	550		391	941
multiples: jobs lost	7,784		11,711	19,695
self-employed/concessions in larger shops	790		961	1,751
independent store closures	2,317		1,720	4,037
independent job losses	10,658		9,460	20,118
Total Job Losses	20,286		34,416	54,699
Total Store Closures	2,867		2,111	4,978

Table 2 - Outcomes for 2023*

Retailing 2023 (12 months)	Administration	CVAs	Rationalisation	Totals
specific redundancies & rationalisation	NA	NA	30,290	30,290
multiples: stores closed	790		1,911	2,701
multiples: jobs lost	20,139		25,289	45,428
self-employed/concessions in larger shops	3,450		5,847	9,297
independent store closures	2,931		4,862	7,793
independent job losses	13,483		20,907	34,390
Total Job Losses	37,072		82,333	119,405
Total Store Closures	3,721		6,773	10,494

Table 3 - Outcomes for 2022*

Retailing 2022 (12 months)	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

Table 4 - Outcomes for 2021

Retailing 2021 (full year)	Administration	CVAs	Rationalisation	Totals
specific redundancies & rationalisation	NA	NA	9,118	9,118
multiples: stores closed	1,251	324	942	2,517
multiples: jobs lost	24,179	2,851	40,843	67,873
self-employed/concessions in larger shops	3,873	107	3,982	7,962
independent store closures	3,760		5,041	8,801
independent job losses	11,882		14,019	25,901
Total Job losses	39,934	2,958	62,835	105,727
Total store closures	5,011	324	6,124	11,459

* based on our current information.

Table 5 - 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.

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 lost	9,060	24,042	43,164	72,266
self-employed/concessions in larger shops	5,873	2,420	5,991	14,284
independent store closures	5,720	-	4,452	10,172
independent job losses	23,171	-	19,816	42,985
Total Job losses	38,103	26,462	78,563	143,128
Total store closures	6,404	313	9,356	16,073

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