A complete of 11,000 chain operator retailers shut between January and August this 12 months, in accordance with analysis from the Native Information Firm and accountancy agency PwC.
Round 5,000 shops opened, leaving a internet decline of 6,001 shops, nearly double the drop throughout the identical interval final 12 months.
Lisa Hooker, client markets chief at PwC, stated: “We all know that the pandemic will proceed to impression the best way we work, relaxation and play; nonetheless, by way of how we store, this is not new.
“What we have now seen is an acceleration of present adjustments in purchasing behaviours alongside compelled experimentation from Covid-19 restrictions.
“All of us knew that buyers had been shifting to purchasing on-line or altering their priorities by way of the issues they purchase, however what Covid-19 has performed is create a step-change in these underlying developments to the place they’ve now develop into the brand new regular.”
The info reveals there was a gradual rise in store closures since 2017, when the full was 6,453, rising by a minimum of 1,000 nearly yearly.
The sectors which have seen constant progress during the last 5 years embody worth retailers and low cost supermarkets.
Leisure is prone to “stay resilient” regardless of the demand for takeaway retailers and occasional outlets, the Native Information Firm stated.
It additionally predicted an increase in native tradesmen retailers, constructing merchandise and locksmiths, as companies reminiscent of banks and submit places of work transfer away from the high street.
Lucy Stainton, of the Native Information Firm, stated: “As with every financial turmoil, there are alternatives for retailers who’re in a position to climate this storm, with the supply of prime property, elevated exercise and spend in native centres, and altering client habits.
“Agile retailers who’re in a position to innovate and adapt rapidly, reminiscent of Pret launching its espresso subscription service or e-bike retailer Pure Electrical who’ve opened 13 shops this 12 months, would be the most resilient as we head in the direction of the tip of a 12 months which arguably has been essentially the most difficult in latest historical past.”