Less Street shops closing

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The number of stores of the Street closing has fallen to its lowest level in seven years, the research suggests.

The Local Data Company, which studied the top 500 British town centres, said 2.564 billion outlets closed in the first half of 2017, equivalent to 14 per day.

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

Charity shops, women clothing stores and shoe stores were most affected, he said.

However, in general, fashion shops, banks and cash checking stores saw its lowest number of the network closures in three years.

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

Ice cream parlours are also on the rise, thanks to the expansion by the Ben & Jerry’s and Kaspa of the strings. “Uncertain” outlook

Mike Jervis, a retail specialist at PwC, which commissioned the research, said that the “relatively low” number of closures in the period reflects a “more stable environment”.

However, he warned: “The environment is, of course, to the uncertainty, with recent data showing a more difficult retail environment. I hope net of store closings to be a constant feature of the market.

“Retailers choose to close stores very carefully and we aim to capitalise on the lease are due in the ordinary course of its business”.

The store closures are unevenly distributed across the country. Scotland fared the worst, with a net loss of 42 stores, while the east of England, lost 34.

Only two of the 11 British regions showed net earnings: Yorkshire and the Humber, which added 12 new stores, and the East Midlands, which now has eight more stores.