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Centre for Retail Research news and archive

RetailFeatured

200,000 retail job losses forecast for 2021

The UK is forecast to see 200,000 job losses in 2021 as the effects of the coronavirus lockdowns compound an already troubled industry. In 2020 an average of 320 stores were shuttered every week. New figures from the Centre for Retail Research (CRR) show a bleak retail landscape for 2021, with shopping in high streets and malls less pleasant...

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RetailFeatured

Over 175,000 UK retail jobs lost in 2020

Over 175,000 UK retail jobs were lost in 2020 in what was a year of unprecedented difficulty for the sector, as the strain of extended store closures pushed many to the point of collapse. According to figures from the Centre for Retail Research (CRR), a total of 176,718 jobs were lost last year from high streets, main shopping destinations,...

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RetailFeatured

Nearly 10,000 retail jobs lost this year

Nearly 10,000 retail jobs have been lost since the start of the new year according to research from the Centre for Retail Research (CRR). With 143,100 jobs lost in 2019, estimates for 2020 are worse, with 171,669 job losses projected this year, an increase of 19.8 percent. A further 17,565 store closures are expected to shutter, an increase of...

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RetailFeatured

Store closures and job losses to plague retail in 2020

The retail crisis looks set to continue in the new decade as estimates of store closures and lost jobs will increase in comparison to 2019. The Centre for Retail Research predicts 171,669 job losses in 2020 (an increase of 19.8 percent) and 17,565 store closures (an increase of 9.3 percent). The Centre for Retail Research has been analysing,...

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RetailFeatured

British premium shoppers not deterred by Brexit rises

Post-Brexit price rises will not deter British consumers from buying premium brands, according to new findings from the Centre for Retail Research and Rakuten Marketing. The research reveals that 61 percent of shoppers said that they will not be discouraged from purchasing premium items if prices rise by up to 10 percent following the triggering...

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Retail

Retailers missing out on billions by not embracing mobile

UK retailers are missing out on 6.6 billion pounds of sales per year, due to a lack of investment in their mobile offering, according to new findings into mobile spending from the Centre for Retail Research (CRR). Despite mobile sales being on the increase, the report reveals that mobile share of online sales almost doubled from 2013 to 2014,...

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Retail

Brits to spend 52.25 billion pounds online in 2015

The average UK shopper is expected to spend 1,174 pounds online in 2015, which totals to 52.25 billion pounds across the year, according to figures released by digital consumer offers firm RetailMeNot. The report revealed that online retail sales are expected to grow by 16.2 percent in the UK from 44.97 billion pounds in 2014, while sales across...

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Design

Shopliftin​g to be at its highest this Christmas period

In a new report, ‘Shoplifting for Christmas 2012’ carried out by the Centre for Retail Research, research found that UK retailers could lose 522 million punds through shoplifting, 431 million pounds through employee theft, and 47 million pounds through vendor and distribution losses over this busy Christmas period. Commenting on the findings,...

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Fashion

London Top Shopping Capital

London has officially been crowned the ‘Top Shopping Capital’ in the World. In a study by the Centre of Retail Research (CRR), results illustrated that London sales hit £64.2 billion in 2010 compared to other fashion capitals Paris and New York which turned over £46.6 billion and £47 billion respectively. Surprisingly cities you would have...

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Video

On | Off AW11 fashion flick

Trade fair On | Off collaborated on a fashion film with Creative Director Tuuli in association with W Hotel. Stylist Scott, Robert Clark, photographer Rankin, and W Hotel also collaborated on the movie, which explored the ideas behind the AW11 collections on show during On | Off. Featured designers in the Switch|On movie are Louise Amstrup,...

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Fashion

Rise of vacant shop numbers

More and more shopping destinations are finding it difficult to keep their spaces full of retailers. Today, one out of seven retail spaces across the UK stay empty, and no consumers are coming through the doors. According to research by Local Data Company 26,000 shop units are empty in the 794 towns that are surveyed. The vacancy rates increased...

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