UK chain retailers ‘closing 20 stores a day’

About 4,000 chain-store shops shut in first five months of 2011, new study reveals The gravity of the high street downturn is spelled out in new research published on Friday which shows UK retail chains have been closing stores this year at a rate of about 20 a day. The alarming statistic comes as closing down sales at TJ Hughes’s 57 department stores get under way. The Liverpool-based chain went into administration last week, putting more than 4,000 jobs at risk. The administrators, Ernst & Young, said they were holding talks with more than 30

Posted by on July 8, 2011. Filed under News, Politics, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.