News / UK retail's cry for help as another high street giant closes branches

© Philip Openshaw

The UK’s high streets are in critical condition as footfall continues to decline, with another major retailer announcing store closures.  

Rising prices have seen British shoppers reigning-in their spending and, paired with a booming e-commerce market, this has created the perfect storm for the reduced popularity of physical stores. The Loadstar reported earlier this year that Superdry had posted a loss amid the fast-changing retail climate.  

Superdry explained that the consumer preference shift towards online shopping had meant fewer visits ...