Published: 11th Sep 2019

An average of 16 high street stores a day closed during the first half of 2019, according to a new study. Figures released today (11 September) by PwC and the Local Data Company show a net decline of 1,234 chain stores on Britain’s top 500 high streets during the first six months of the year. This is the highest number since analysis by PwC and the Local Data Company began in 2010 and it comes at a time when many high street shops are struggling against competition from online retailers and out-of-town retail centres. The first half of 2019 saw almost twice as many store closures (16 per day) as openings (9 per day). In total, 1,634 stores opened and 2,868 stores closed over the period, leading to a net decline of 1,234 stores, compared with a net decline of 1,123 in the same period last year. The biggest net declines … (To read the full article, subscribe below)