Future of Retail: Shop numbers forecast to slump

WITH the sector in a state of flux as increasing number of shoppers move online the number of stores retailers wish to operate is set to fall sharply, experts believe.

There are 290,000 retail outlets in the UK and recent analysis has suggested that some retailers may have to reduce their property portfolios by up to 40% in the next five years as they adapt to meet the changing demands of consumers.

We've seen with the recent rescue from administration of Game, that its new owner OpCapita, favours a 'less is m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...