Branches of Homesense, Wetherspoons, Halifax, and Barclays are set to close some of their branches in Wales. The major banks and retailers are expected to close their doors in different areas across the country.
The net shop closure rate in Wales reached a six-year high in 2021, with analysis from professional advisory firm PwC and The Local Data Company (LDC) reporting that there were 384 openings and 786 closures in Wales in 2021 - a net loss of 402. Figures from the Centre for Retail Research show that around 15,000 stores across UK high streets are expected to close this year, with the Professor Joshua Bamfield, the director, saying that "big hitters" could also go under.
House of Fraser in Cardiff is expected to close after recently launching a major clearance sale, however, no official announcement has yet been made regarding the closure. You can find out more here.
