Nearly 50 shops shut down a day in 2022 - up nearly 50% on 2021

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Nearly 50 shops shut down a day in 2022 - up nearly 50% on 2021
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More shops closed their doors for good in 2022 than at any other point for at least five years, taking about 150,000 jobs with them.

Close to 50 shops shut down every day in 2022, more than at any other point for at least five years.11,449 shops shutAnalysis by the Centre for Retail Research found about 47 sites shut up shop for the last time every day last year.

The group's survey found that a little over 5,500 of the shops went under, while more than 11,600 of them were closed as a larger chain decided to cut its costs.

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