Shopping centers and shops were already struggling with increasing online shopping and changing customer habits. But now the coronavirus pandemic has made the situation even worse.
There are around 700 shopping centers in the UK, so around 10 percent are threatened with closure.
Many of these websites could become homes or offices.
At least 30 shopping centers across the UK are currently at least half empty following the pandemic.
Five of these 30 have more than 80 percent of their stores empty.
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This study is from the Local Data Company, which analyzed shopping centers in England, Scotland and Wales.
The data analysis company also found that at a further 34 shopping centers, only between 40 and 50 percent of their stores are currently open.
In addition to the Elephant and Castle shopping center, there are other centers in Great Britain that are already to be refurbished.
These include Broadmarsh in Nottingham, Castlegate in Stockton, the Riverside Center in Shrewsbury, the Chilterns Center in High Wycombe and Nicholsons in Maidenhead.
Lucy Stainton, Commercial Director at Local Data Company, said, “There is no doubt that the COVID-19 pandemic has exacerbated many of the challenges we saw in the physical retail environment.
“Shopping centers were particularly exposed to declining categories such as fashion and casual dining.”
In addition, Stephen Springham, Head of Retail Research at Knight Frank said that around 200 malls need “a radical rethink”.
This is because they have been standing for too long and need to be renovated.
This could mean that some of the premises will have to be closed, but some stores may remain.
Mr Springham said, “Many malls have been abandoned for too long and need to be radically rethought.”
Shops on Hauptstraße are also affected by the coronavirus pandemic.
Last month, Debenhams closed its doors forever due to changed consumer habits.
After 243 years, Debenhams no longer exists on the UK high street.