CRIF STUDY ON THE DEMISE OF SHOPS IN SWITZERLAND – JUST UNDER 32,000 SHOPS HAVE DISAPPEARED IN THE PAST 10 YEARS
Zurich, 10th December 2019 – Since 2009, almost 32,000 stores in Switzerland have had to close, most of them clothing stores. The canton of Ticino is showing the highest growth in retail sales, while most cantons are recording a declining number of stores. 31,394 shops have disappeared in Switzerland since 2009, with the highest number going out of business in 2011 (3,200) and 2012 (3,262). 28,637 new shops were opened over the same ten-year period, which represents a net loss of 2,757 units. The shop-based retail industry is shrinking.
If we compare the closures with the number of newly-opened retail outlets, we can see that growth was negative in the years from 2009 to 2015. More shops were closed than were set up during this period. 2016 saw a small recovery, while more new shops were also opened again in 2017 and 2018. In 2019, however, there was another sharp rise in closures compared with new shop openings.
CLOTHES SHOPS ARE THE MOST LIKELY TO CLOSE
Most of the closures during this reporting period occurred in clothing shops (2,026), newsagents (1,719), specialist retail food outlets (1,420), retailers of IT equipment and software (1,375), shops selling sports goods (1,084) and retail outlets for flowers and plants (1,004).
ART TRADE IN THE ASCENDANT
At the same time, new specialist shops have also opened over the past ten years. Most were newsagents (2,135), clothing shops (1,966), specialist retail food outlets (1,788), florists (1,421), art dealers (1,058) and shops selling sports goods (996).
FEWER COMPUTER SHOPS
A comparison between closures and new openings reveals that computer shops recorded the most significant decline, with over 50% fewer new set-ups. Sports and clothing shops also reported negative growth. On the other hand, there are frequent openings of shops selling flowers, specialist retail food outlets and kiosks.
ALMOST 30% OF NEWLY-OPENED SHOPS ARE LATER CLOSED AGAIN
Many newly-opened shops disappear again very quickly. Of the 28,637 shops newly opened over the past 10 years, 29.8% subsequently closed. A fifth of these shops had already closed by the end of their first year, while 17.6% had closed after 2 years.
TICINO HAS THE HIGHEST GROWTH
Over the last ten years, most closures occurred in the Cantons of Zurich (4,432), Vaud (4,341) and Bern (3,742) – but they are also the Cantons with the greatest number of new openings: Zurich (4,354), Vaud (3,271) and Bern (2,655).
A comparison between closures and openings produces a different picture. The Canton of Ticino demonstrates the highest level of net growth in the number of retail shops, followed by Lucerne, Aargau, Freiburg and Schwyz. The Cantons of Bern and Vaud report a deficit of over 1000 shops, all of which have gone out of business.
ABOUT THE SURVEY PROCESS
In this survey, we took account of all those retail trading shops that were entered into the Commercial Register, and had either been closed or were newly opened over the years between 2009 and 2019.
ABOUT CRIF LTD
CRIF Ltd is Switzerland’s leading provider of information services for businesses and private individuals. The company offers solutions for identification, credit screening and fraud prevention, for credit risk and address management and for digitalisation and predictive analytics projects on behalf of businesses and financial institutions. CRIF AG is part of the CRIF credit refence agency group, which operates globally and is based in Bologna, Italy. This group now employs 4,700 experts, incorporates 70 companies and is active in over 30 countries on four continents
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The type of shops that close most frequently
1. Clothing shops (2026)
2. Newsagents / Kiosks (1719)
3. Specialist food and luxury food outlets (1420)
4. Retailers of IT equipment, peripheral devices and
5. Shops selling sports goods (1084)
6. Retail outlets for flowers and plants (1004)
THE SPECIALIST RETAILERS THAT OPEN MOST FREQUENTLY
1. Newsagents / Kiosks (2135)
2. Clothing shops (1966))
3. Specialist food and luxury food outlets (1788)
4. Retail outlets for flowers and plants (1421)
5. Art dealers (1058)
6. Shops selling sports goods (996)