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Shop closures outstripped openings by 1,997 from January to the end of June, according to the retail data firm Local Data Company.
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"It's very difficult to differentiate yourself in the food and beverage sector," said Kurt Jetta, who runs retail and consumer data firm Tabs Analytics.
Katie Smith, senior fashion and retail analyst at big data firm Edited, has a different framework for thinking about the issue of newness in the clothing business.
But Ken Perkins, the founder of data firm Retail Metrics, said, "There is a significant element of the shopping population out there who feels compelled to shop on Thanksgiving for financial reasons".
"It should help them if they are able to save the fees that they're currently experiencing," said Ken Perkins, the founder of Retail Metrics, a research and data firm.
At the time, according to Jim Olstrom, director of the home division of the retail-data collection firm NPD Group, the idea of a product specifically made for below-the-neck shaving barely existed.
Online shoppers were expected to spend £856mon Saturday, up 22% on last year's £699m, according to data firm Experian and online retail trade association IMRG.
Monday is predicted to be the biggest shopping of the day of the year so far by data firm Experian and online retailing trade association IMRG.
Unlike the office space market, where data companies like CoStar track much of the information, retail data is mostly compiled by the brokerage firms themselves and remains largely proprietary and hidden.
According to data firm Experian and online retailing trade association IMRG a record £636m was spent online on Christmas Day, with the number of visits made to shopping websites – an estimated 142m – up 25% on last year.
Record numbers were expected to spend "a significant proportion" of their Christmas Day shopping online, spending an estimated £728m, up 11 per cent on last year's £658m, according to data firm Experian and online retailing trade association IMRG.
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