Skip navigation

Gloucestershire Business News

High Street closures at lowest level in seven years

The number of chain stores closing down on the high street has fallen to its lowest level in seven years.

Latest research by the Local Data Company, which studied the top 500 British town centres, said 2,564 shops closed in the first half of 2017.

At the same time, there were 2,342 store openings, meaning a net total of 222 shops was lost.

Charity shops, women's clothes shops and shoe shops were worst hit, according to the research commissioned by PwC. But general fashion stores, banks and cheque cashing shops saw their lowest number of net closures in three years.

Tobacconists, coffee shops and beauty salons all bucked the trend by increasing in number. Ice-cream parlours are also on the up, thanks to expansion by the Ben & Jerry's and Kaspa's chains.

The store closures were unevenly spread across the country. Here in the South West, 191 shops opened, while 224 stores closed, putting the region near the bottom of the chart. Scotland fared worst, with a net loss of 42 shops, while Yorkshire and the Humber added 12 shops and the East Midlands gained eight new shops.

Here at Punchline we're cautiously optimistic about these figures. But we feel they may be masking a bigger picture of what is happening in our smaller towns. While the research says bank closures are at their lowest level in three years, we continue to see banks close in our smaller towns, with Newent losing its last bank only last week and Winchcombe losing its only bank earlier this year.

What do you think? Email mark@moosemarketingandpr.co.uk 

Related Articles

Jobs and apprenticeships on offer as firm expands in Gloucestershire Image

Jobs and apprenticeships on offer as firm expands in Gloucestershire

More than 130 jobs and apprenticeships are up for grabs as one of the country's most successful engineering firms unveils growth plans.

Click here for more details
Export orders grow strongly as domestic orders hold steady Image

Export orders grow strongly as domestic orders hold steady

As Government remains embroiled in the ‘will we or won’t we leave the customs union’ question the CBI has gently dropped its views in the mix.

Click here for more details
MP joins fight against delayed pensions for women Image

MP joins fight against delayed pensions for women

Women from across the region are being invited to a special meeting to discuss changes to the pension age which have provoked outrage..

Click here for more details
Cheltenham clinic joins national healthcare group Image

Cheltenham clinic joins national healthcare group

A clinic offering physiotherapy and chiropractic services has joined The Medical group of healthcare practices.

Click here for more details

Copyright 2018 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.