Almost 2,700 high street stores closed in the first six months of the year and embattled retailers struggle to keep going, according to a new study. Figures released today by PwC show an average of 14 high street stores closed a day during the first half of the year, with a total of 2,692 closing their doors for good. The survey also found 1,569 shops opened during the same time period, meaning a net 1,123 stores disappeared from Britain’s top 500 high streets. Several high street chains have gone under this year, including the electrical supplier Maplin. Restaurant, catering and entertainment chains saw a net loss of 340 stores after net rises the two previous years. Jamie’s Italian, Prezzo and Strada have all closed restaurants as well. ‘Our latest research highlights the challenges facing the retail and leisure sectors on Britain’s high streets,’ said consumer markets leader at PwC, Lisa … (To read the full article, subscribe below)

Jamie Hailstone

Senior reporter – NewStart