Net store closures surge across Britain

Closed stores on Glasgow street

Net store closures accelerated above 2022 levels in Britain but remained lower than between 2018 and 2021, according to the latest figures from PwC and Local Data Company (LDC).

The research, carried out by LDC, showed 39 chain outlets closed and 25 new outlets opened every day in 2023.

LDC tracks more than 200,000 outlets in over 3,500 locations including high streets, shopping centres, retail parks and other out-of-town areas.

 

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