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MySale Group Plc

Over 2400 stores vanish from UK high streets in 2018

UK stores are disappearing from high streets at a rapid pace as consumers’ changing behaviours means they are increasingly shifting from shopping in-store to online.

A record net 2481 stores disappeared from the UK’s top 500 high streets in 2018 – 40 per cent more than in 2017, according to new data from PwC.

The 5833 store closures last year were not enough to offset store openings as only 3372 shops opened – excluding independent outlets.

MySale Group (LON:MYSL) is a leading international online retailer with established retail websites in Australia, New Zealand, South-East Asia and the United Kingdom. Founded in 2007, the Group provides customers with access to outstanding brands and products at discounted prices whilst simultaneously providing brand partners unique international inventory and sales solutions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.