×
78 317
Fashion Jobs
NIKE
Senior Software Engineer ii - Business Planning & Consolidation
Permanent · Beaverton
NIKE
Special Assets – Governance Operations Senior Manager
Permanent · Beaverton
ABERCROMBIE AND FITCH CO.
Director, Digital Product Management (Remote)
Permanent · Columbus
TAPESTRY
Manager, Account Executive
Permanent · New York
JOCKEY
Merchandise Planner
Permanent · Kenosha
JOCKEY
Global Supply Chain Planning Manager
Permanent · Kenosha
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Wichita
NORDSTROM INC
Manager - Asset Protection - Downtown Seattle Rack
Permanent · Seattle
ATHLETA
Assistant General Manager - Mall of America
Permanent · Bloomington
OLD NAVY
Assistant General Manager - Fremaux tc
Permanent · Slidell
BLOOMINGDALE'S
Registry Consultant, Full Time: 59th Street
Permanent · New York
ALICE AND OLIVIA
Business Systems Analyst – Wholesale
Permanent · New York
LEVI'S
Retention Marketing Manager - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Business Analytics - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Direct Mail Marketing - Beyond Yoga
Permanent · Culver City
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
MACY'S
Manager, Business Administration
Permanent · Bay Shore
MACY'S
Asset Protection Detective, Quaker Bridge Mall - Part Time
Permanent · Lawrence Township
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Garden State Plaza - Full Time
Permanent · Paramus
MACY'S
Asset Protection Detective, Gurnee Mills - Part Time
Permanent · Gurnee
Published
Aug 27, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Department stores carnage: UK loses 83% in five years

Published
Aug 27, 2021

UK department stores have become an endangered species. The country has lost 83% of its main department stores since the collapse of the BHS chain in 2016, reflecting how hard the high street has been hit by the online boom and the pandemic.


AFP


Just 79 department stores remain open compared to 467 five years ago, data compiled in July from commercial property information firm CoStar Group shows.

What’s more, two-thirds of those shuttered buildings remain unoccupied. Some 237 have still to be taken over by a new business while just 52 have plans to transfer to another business or use.

The grim figures only highlight the rapid extent of physical retail’s decline, with online retail having driven the high street decline that was added to by the Covid pandemic.

CoStar head of analytics Mark Stansfield told the BBC: “The data undoubtedly highlights the acceleration of change in the retail sector in recent years, which the pandemic has only exacerbated.

“We are increasingly seeing forward-thinking real estate owners getting ahead of the problem and reshaping what are key assets in our town centres to provide a focal point for regeneration.

“I think we'll see many more plans come to light in the coming months. With these store closures come new opportunities”.

CoStar Group said BHS was a prime example of the problems for firms on the high street. The budget clothing and homewares chain collapsed five years ago but since then a quarter of its former stores remain empty.

Debenhams, a more recent causality, still has 149 former stores vacant, data from CoStar shows.

Copyright © 2022 FashionNetwork.com All rights reserved.