Over 23,000 shops and 175,000 high street jobs predicted to go in 2019

Value of retail property will slump as shift to online giants continues, says report

A further 175,000 jobs will be shed from struggling UK high streets this year and the value of retail property will slump as the boom in online shopping and rise of giants such as Amazon continue to take their toll, research warns.

More than 23,000 shops are forecast to close in 2019, according to the findings published on Monday in an annual report from the real estate adviser Altus Group.

Continue reading...

from Property | The Guardian http://bit.ly/2S3Lnis
via IFTTT