MAJOR high street chains and restaurants are preparing to close some of their branches for goods next week.
Retailers have been feeling the pinch since the pandemic while shoppers are cutting back on their spending due soaring inflation.
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When prices are going up, it squeezes households incomes, meaning that people have less money to spend.
This is bad news for shops, restaurants and pubs.
High energy costs and a shift to online shopping are also taking their toll and many high street shops have struggled to keep going.
Some…