The state of department stores in the UK
News
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Aug 2021
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Fashion Network
What: The country has lost 83% of its main department stores since the collapse of the BHS chain in 2016, reflecting how hard the high street has been hit by the online boom and the pandemic.
Why it is important: Just 79 department stores remain open compared to 467 five years ago, data compiled in July from commercial property information firm CoStar Group shows.
Two-thirds of those shuttered buildings remain unoccupied. Some 237 have still to be taken over by a new business while just 52 have plans to transfer to another business or use.
The state of department stores in the UK
