Fewer High Street shops closing down

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

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

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

Charity shops, women’s clothes shops and shoe inform ons were worst hit, it said.

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

Some sectors indeed recorded growth, with tobacconists, coffee shops and beauty salons spread in number.

Ice-cream parlours are also on the up, thanks to expansion by the Ben & Jerry’s and Kaspa’s confines.

‘Uncertain’ outlook

Mike Jervis, a retail specialist at PwC which commissioned the examine, said the «relatively low» number of closures over the period reflected a «various stable environment».

However, he warned: «The environment is, of course, uncertain, with current data showing a more challenging retail environment. I expect net keep closures to be an ongoing feature of the market.

«Retailers will choose particular closure stores very carefully and will aim to capitalise on leases close in the ordinary course of their businesses.»

The store closures were unevenly spread across the homeland. Scotland fared worst, with a net loss of 42 shops, while eastern England dissolute 34.

Only two out of 11 British regions showed net gains: Yorkshire and the Humber, which added 12 inform ons, and the East Midlands, which now has eight more shops.

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