PwC’s latest report is driven by Green Street’s proprietary retail analytics data

Retail Resilience: Great Britain’s Store Closures Hit Second Lowest Level in a Decade in 2024

London, 20 March, 2025 - PwC has revealed its latest tally for chain retail stores, leisure venues and service outlets opening and closing across Great Britain for 2024.

The bi-annual report using proprietary data from Green Street, tracks over 200,000 chain outlets in over 3,500 locations to gain a picture of the changing landscape of chain outlets across the country.

PwC finds that net closures have stabilised, now sitting at -3,802 stores across high streets, retail parks and shopping centres.

Net Closures Take the Lead but Opportunities Beckon

The results for 2024 show that retail is witnessing a promising recovery as chain outlet closures fall to their second lowest level in a decade, with 12,804 closures reported. This marks an encouraging daily reduction to 35 closures, an improvement from 2023 (14,801 closures) and bettered only in 2022 (11,530 closures).

On the openings front, the count modestly declined to 9,002 openings, averaging 25 per day. This remains favourable compared to the pandemic years when openings fell below 20 per day, albeit still trailing behind the mid-2010s, when openings peaked at 34 per day. This number is a slight decline from 2023’s full year results that showed 9,138 new openings across England, Scotland and Wales.

Read the full PwC report for further insights

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