Fewer High Street shops closing down

From BBC - November 12, 2017

The number of High Street shops closing down has fallen to its lowest level in seven years, research suggests.

The Local Data Company, which studied the top 500 British town centres, said 2,564 outlets closed in the first half of 2017, equivalent to 14 a day.

At the same time, there were 2,342 store openings, meaning that a net total of 222 High Street shops disappeared.

Charity shops, women's clothes shops and shoe shops were worst hit, it said.

However, general fashion stores, banks and cheque cashing shops saw their lowest number of net closures in three years.

Some sectors actually recorded growth, with tobacconists, coffee shops and beauty salons increasing in number.

'Uncertain' outlook


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