{"id":163185,"date":"2020-10-24T15:31:46","date_gmt":"2020-10-24T15:31:46","guid":{"rendered":"https:\/\/www.theindustry.fashion\/in-numbers-the-week-in-fashion-in-figures-14\/"},"modified":"2021-08-12T14:09:06","modified_gmt":"2021-08-12T14:09:06","slug":"in-numbers-the-week-in-fashion-in-figures-14","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/in-numbers-the-week-in-fashion-in-figures-14\/","title":{"rendered":"In Numbers: the week in fashion in figures"},"content":{"rendered":"

A depressing (but not surprising) start to the week was the news that shop closures had hit a record high this year with 11,000 chain operated stores closed between January and August,<\/strong> and given how the rest of the week panned out it seems that unwelcome momentum is set to continue.<\/p>\n

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Lockdowns of varying severity were introduced across the UK & Ireland<\/strong> with Wales and Ireland shuttering non-essential retail (and the former even forcing supermarkets to close their clothing departments - not in the interests of public health but in an attempt to level up the playing field as clothing-only retailers would be obliged to close). Other areas in England were subject to highest band of restrictions (Tier 3), which enabled stores to remain open but with plummeting footfall many were left wondering if it was worth it.<\/p>\n

On Thursday Gap, once one of the most popular brands on the British high street, said it was likely to close all of its stores in the UK<\/strong> by the middle of next year in preference for a franchise or partnership presence. It's a perfect example of how failure to innovate and inspire the consumer will lead to failure, no matter how big you are.<\/p>\n

Meanwhile the race to save Edinburgh Woollen Mill, whose brands include Peacocks and Jaeger, continues after it was given 10 days to secure a rescue deal.<\/p>\n

Catch up on all the week's news below via the stats that matter:<\/p>\n

11,000<\/strong><\/h2>\n

The number of chain operated stores closed in the UK between January and August making it a record breaking year for stores closures.<\/p>\n

UK shop closures hit a record high in 2020<\/a><\/p><\/blockquote>\n