business / economy
3 hours ago

Closures: Greggs and Starbucks Shutter UK Stores Amid Economic Pressures

Closures: Greggs and Starbucks Shutter UK Stores Amid Economic Pressures
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7 Highlights
  • Greggs to close Amersham store on January 18 over rent disputes.
  • Greggs also closed a store in Coventry recently.
  • Starbucks to shut its Northampton branch on January 19.
  • Starbucks offers positions in nearby branches after closure.
  • Retail struggles with high rents, pandemic, and online shopping.
  • UK high streets face more closures and retail churn.
  • Retail job losses expected by 2025 due to economic challenges.
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