Brick-and-mortar retail faced significant challenges in 2024 with 13,479 store closures, a 28% increase from the previous year. Optical stores like Vision Express have shown resilience, expanding despite economic pressures. While others, like Charmant Group, have pulled out of the UK market, Vision Express continues to grow, boasting over 400 stores and offering advanced eye care services. Their commitment to maintaining operations and adapting to market conditions exemplifies effective business strategies in a declining retail environment.
Vision Express has reported steady growth and expansion despite the overall decline in high street retail, showcasing resilience and effective business strategies.
In June 2023, Charmant Group ceased UK operations, illustrating the struggle faced by many retailers in a challenging economic landscape affecting the high street.
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