CRR news and archive

Retail job losses reach nearly 15,000 for start of year

Not even two months into 2023, and retailers have already slashed 14,874 jobs across the UK, a new report by Centre for Retail Research (CRR) has found. It comes as retailers across the country continue to face a slew of challenges against an uncertain macroeconomic climate, as well as offsets of the pandemic and inflation in the region. It...

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...

RetailFeatured

Retail in crisis: over 140,000 jobs lost on the high street this year

High costs, low profitability, and losing sales to online shopping are just some of the factors affecting physical store owners. As a result, 2019 was one of the worst years for UK high streets that saw a total of 143,100 jobs lost according to figures from the Centre for Retail Research (CRR). Retail in crisis Professor Joshua Bamfield, a...

Retail crisis: Nearly 6000 shops closed by major retailers this year

London - The UK retail sector is in crisis, as new figures from the Centre of Retail Research (CRR) show nearly 6,000 store multiples have been shuttered in 2019 to date. The ongoing crisis, which in 2018 saw 18,344 store closures, shows a retail industry unable to cope with high costs, low profitability, and losing sales to online shopping....

RetailFeatured

Retail crisis: Nearly 6000 shops closed by major retailers this year

The UK retail sector is in crisis, as new figures from the Centre of Retail Research (CRR) show nearly 6,000 store multiples have been shuttered in 2019 to date. The ongoing crisis, which in 2018 saw 18,344 store closures, shows a retail industry unable to cope with high costs, low profitability, and losing sales to online shopping. According to...

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,...

Fashion

Retailers to lose £2.2 billion 1Q 2011

Retailers are set to lose an estimated £2.2 billion in sales during the first quarter of 2011 because of the 2.5 per cent rise in VAT introduced today, according to new research by Centre for Retail Research. Consumer spending will decline by 0.5 per cent year-on-year during Q1 and the tax change will cost each UK household on average £520,...