💨 Abstract

Iceland, a budget frozen food retailer, is closing its Margate branch in June, with 13,000 high street stores expected to close this year due to the impact of the coronavirus pandemic and cost of living crisis. Despite the high street struggles, Iceland's spin-off Food Warehouse stores, which sell groceries in bulk and are located in retail parks, are thriving, with plans to open more locations this year.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖