An average 32 shops are closing on Britain’s high streets each day, with loan providers and discount stores rising in their place.
Research conducted by PricewaterhouseCoopers and the Local Data Company, reported by The Telegraph, has found retailers who owned over one close 953 retail units during the first half of the year, around 20 a day, which has grown in the second half of the year by over 50 per cent to 32, aided by the administration of JJB Sports.
Matthew Hopkinson, director of the LDC attributed the increase to a ‘drawdown’ of the multiple retailers and a low amount of consumer spending within the ‘Omni-channel environment’ which requires fewer, but larger stores.
“The departure of so many larger stores is a major issue for many town centres, especially in secondary centres, where they have for many years been their high street’s anchors,” he added.