Fact Service January 2021

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Issue 1

2020 worst year for retail job losses

Last year was the worst for retail job losses for a quarter of a century according to the Centre for Retail Research (CRR). Almost 180,000 UK retail jobs were lost in 2020, up from 143,178 the previous year, the research group found. Almost 16,000 stores closed.

And it warned that the first half of 2021 “looks much like 2020, only worse”. It expects there to be 200,000 job losses in the sector, and more corporate failures.

https://www.retailresearch.org/whos-gone-bust.html


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