Small Retailers Flourish within the U.Okay., Providing Hope for the World Retail Trade – The Wall Avenue Journal
LEEDS, England—A retail shakeout punctuated by the pandemic hit the U.Okay. particularly laborious. Impartial retailers, although, are thriving there.
That gives a modest silver lining for a worldwide {industry} laid low by a pre-pandemic explosion of e-commerce, adopted by on-again, off-again Covid-19 lockdowns. The variety of impartial retailers—labeled as privately-owned companies that sometimes function a single retailer—elevated by 804 within the U.Okay. within the first half of 2021, in accordance with the Native Information Co., which compiles retail knowledge. That was the very best six-month interval lately. The variety of chain storefronts, in the meantime, fell by 5,251, persevering with a pattern of large-scale closures.
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