British pubs and bars suffer as drinkers stay at home

Friday 9 November 2018 1:23pm

The British high streets are weathering the "most testing retail and leisure climate in five years", with pubs, bars and restaurants hit by growth in entertaining at home.

In the first six months of this year, restaurant, catering and entertainment chains saw a net loss of 340 stores, while other leisure categories such as bars and bookmakers were placed just outside of the top five fastest-declining high street establishments.

As consumers move their shopping online, the British high street has suffered its largest half-year net decline in stores in five years, as the gap between openings and closures widens.

In total, 1,123 stores disappeared from Britain's top 500 high streets in the first half of 2018 only 1,569 stores opened, while 2,692 closed, the equivalent of 14 closures a day.

Source: The Spirits Business