Full list of shops closing down so far in 2025 revealed – including Co Op and WHSmith
Share:
IT has been a tough few years for high streets across the UK, with many retailers pulling the shutters down on sites and more likely to follow in 2025. Shoppers have faced a swathe of closures on their local high streets in recent years as many favourite chains have closed branches.
High street shops have seen lower footfall and less money landing in the tills as a result of the cost-of-living crisis. People have naturally cut back on retail therapy as they have found they have less cash in their back pockets. The decline in spending along with high rents and costs, have already forced many chains to pursue restructuring plans and close locations.
Figures from the Centre for Retail Research revealed almost 10,500 UK shops closed for the final time in 2023. The 12-month period also saw more than 119,000 jobs lost across the sector. According to the centre's data 2024 had already seen 8,543 stores closed by mid-November and more than 130,000 retail jobs lost.
And, several retailers have warned that October's budget, which saw employer National Insurance contributions increased, will lead them to increase prices and possibly reduce their outlet count. The start of 2025 will be no different with WHSmith, Monki and Millets all planning closures.