Local Data Company news and archive

A record-high number of UK store closures in 2020

A record amount of store closures were reported within the first half of 2020 due to the Covid-19 pandemic, new data reveals. So far this year, 11,120 chain operator outlets have closed, according to research by the Local Data Company and PWC UK which tracked 210,365 outlets across the UK from January to August this year. There has been over...

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UK's High street closures remain at historic high

London - A record number of stores disappeared from the UK’s top 500 high streets in 2018, according to PwC research compiled by the Local Data Company (LDC). In total, 3,372 shops opened, compared to 5,833 closures, meaning that the high street saw 2,481 store exits in 2018, compared to 1,772 stores in 2017. This marks the largest full year net...