Shop openings drop amid Brexit induced caution

26 September 2016 - Janet Bird

dip in new store openings

The number of new shops opening has fallen by 15 percent since Britain voted to leave the EU, a new report has claimed.

A bi-annual report produced by the Local Data Company (LDC) showed 20,804 new shops opened between January and the end of June, compared to 23,925 during the previous six months period.

And, while the news was not all bad - the data showed that the number of shops closing between January and June had also fallen by five percent to 22,801 - it did mean that closures exceeded openings by 1,997 in the period from January to the end of June.

The figures provide a contrast with the second half of 2015, when there were 335 more openings than closures.

The LDC said after the referendum result in June, the number of standing empty retail locations started to rise for the first time since 2012.

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