Debenhams have announced they’re closing down 19 stores in January and another 28 over the coming year, while HMV have already starting shutting down stores without advance warning. HMV customers reported walking into their local stores only to see closing down sale signs in the window. Stores affected so far…
Birmingham (The Fort)
Bury St Edmunds
The Times Newspaper is also reporting some shocking predictions for 2020, with analysts estimating somewhere in the region of 7,000 store closures, resulting in approx 125,000 job losses, due to online competition, rising wages, high rents and steep increases in business rates.