A second ‘circuit breaker’ lockdown in October could see a further 5,000 UK stores close

Published: 24-Sep-2020
Retail

It is estimated that 20,000 stores will fall into administration by the end of the year, even before a second lockdown scenario

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The UK high street has been fighting for its survival since the outbreak of the coronavirus, with enforced lockdowns followed by concerned consumers dramatically hitting sales.

Within beauty, this has resulted in hundreds of redundancies, including at Debenhams

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Global retail spend is predicted to fall by US$549.7bn in 2020 as a result of the coronavirus pandemic
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