14 shops a day shutting on Britain's high streets as shoppers hunt for bargains online and stores move to retail parks 14 shops a day shutting on Britain's high streets as shoppers hunt for bargains online and stores move to retail parks
Friday, 17 February 2012
14 shops are shutting every day on the High Street, alarming figures show. The recession, a rise in internet shopping and a move to out-of-town shopping centres have all impacted on once-booming towns. Last year 5,268 shops were closed by major retailers and only 5,094 opened, according to a study by accountants PricewaterhouseCoopers and the Local Data Company. It was the first time since the height of the recession in 2009 that more shops were shut than opened.
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