With the cost of living crisis still putting a strain on shoppers' finances, some of the UK's most popular high-street retailers are shutting stores across the UK. Retail giants like Iceland, B&M, M&S and TK Maxx's Homesense have all announced store closures - with many set to take effect this Spring.
After Coronavirus meant that many retailers took a hit in footfall, it is estimated that almost 50 shops closed down every day last year as retailers grappled with soaring energy costs, wider inflation and online shopping, according to Centre for Retail Research.
And now, figures by the expert research and analysis foundation show that around 15,000 stores across UK high streets are expected to close this year, with Professor Joshua Bamfield, CRR director, saying that "big hitters" could also go under.
