business / markets
6 hours ago

Major Retail Chains Announce Closures Amid Challenging Market Conditions

Major Retail Chains Announce Closures Amid Challenging Market Conditions
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7 Highlights
  • 17,350 retail sites likely to close in 2023 amid changing landscape.
  • High street faces online shift and an expected £2.3 billion loss.
  • The Works announces closure of five branches despite reopening plans.
  • Quiz departs the stock market due to financial uncertainty.
  • Select Fashion shuts three more stores amid increasing closures.
  • Rising energy prices and budget changes strain retail operations.
  • Footfall drops post-pandemic, affecting several retailers.
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