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Retail therapy and the decline of physical stores
What is happening
The decline of the retail industry is perhaps best illustrated through the fact that one in ten town centre stores are now closed across the UK. From November to December 2019, the sector saw a 0.9% fall in sales. This decline was partly driven by online sales rising by 2.6% in the same period[1]. The modern ease of connecting goods or services to clients has led to the decline of retail stores.
