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Number of high street store closures at lowest for five years

14 March 2016 - Janet Bird

Number of high street store closures at lowest for five years

The number of high street stores closing is at its slowest for five years, new research has found.

Data collected by PwC and the Local Data Company show that 5,138 stores - equating to 14 a day - closed in town centres during 2015.

This is 701 less than closed in 2014 and shows a marked improvement on 2012, when 20 stores a day were going out of business.

Of the 5,138 closures, mobile phone shops, clothing chains and convenience stores were particularly badly affected.

But there were also plenty of new stores opening - a total of 4,640 last year. The greatest growth was in the number of coffee shops, which increased by four percent - or 80 premises - last year. The number of jewellery shops, tobacconists and takeaways also showed growth.


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