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Retail chain store closures fall to 14 stores a day- the lowest level since 2010, say PwC and The Local Data Company

13 November 2017 by Local Data Company
  • Lowest number of store closures since 2010
  • Tobacconists, beauticians and coffee shops thriving
  • Shoe shops, women’s clothing and charity shops declining

Despite the advance of online retail and a testing economy, the number of chain retail outlets closing on Great Britain’s high streets is at its lowest level for seven years, PwC research compiled by the Local Data Company (LDC) reveals.

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In a year of red hot economic change one statistic has frozen

15 December 2016 by Local Data Company

Britain’s retail vacancy rate remained stuck at 12.3% in November. The number of vacant shops has now varied by no more than one in a thousand, net, for the past nine months, new figures from LDC show.

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[Press Release] Vacancy rates in limbo as fourth quarter begins: Improvement has flattened – stays flat

18 November 2016 by Local Data Company

Britain’s retail vacancy rate has now varied from 12.3% by no more than 0.1% in the past eight months, decreasing just -0.1% in October from 12.4% in September.

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Growth in independent High Street stores drives a return to the black for independent retailers across GB

01 November 2016 by Local Data Company

Data released today by LDC and British Independent Retailers Association (bira) shows that traditional independent shops opened slightly more shops than were closed in H1 2016 in Britain’s town centres, whilst the national chains continued to see a fall. Independent shops saw an increase of +4 shops (+0.00%) in H1 2016. This is a reversal from the net decline of -194 shops (-0.07%) in H1 2015. A net growth of +200 units in H1 2016 on the High Streets, was one of the main drivers in the growth of independent retailing in H1 2016.

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PwC/LDC openings and closures in Top 500 towns across GB in H1 2016

27 October 2016 by Local Data Company

Retailers closing 15 stores a day as the high street continues to reshape, says PwC and LDC.


• Lowest number of store openings since 2011
• Tobacconists, estate agents and jewellers thriving
• ‘Fintech’ advances see click and collect services booming

In the first six months of 2016, 2,656 shops closed on Great Britain’s high streets, a rate of 15 stores a day, PwC research compiled by the Local Data Company (LDC) reveals.

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[Press Release] Improvement in vacancy rates on pause in third quarter

13 October 2016 by Local Data Company

The picture across Great Britain – improvement flattens

Britain’s shop vacancy marginally increased to 12.4% in September from 12.3% in August. Annually this is down -0.5% from the same period last year (September 2015).

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[Press Release] Pre-Brexit uncertainty sees a -46% drop in retail and leisure property activity levels in July 2016 compared to July 2015

12 August 2016 by Local Data Company

The picture across Great Britain

Britain’s shop vacancy marginally increased to 12.4% in July from 12.3% in June. Annually this is down -0.6% from the same period last year (July 2015). This change was driven by fall in the number of new units in July of -3.5% and a 44% drop in the number of vacant units getting new occupiers.

Overall activity levels were down -46% in July 2016 compared to 12 months ago (July 2015). This is due to stakeholders in the property sector delaying major property decisions, such as new store openings, developments and conversions, in the lead up to the referendum in June. These impacts are now being evidenced in the LDC data.

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BCSC / LDC Shopping Centre Vacancy Monitor (July 2016)

05 August 2016 by Local Data Company

The shopping centre vacancy monitor aims to provide an overview of the level of vacancy rates and is developed in partnership with BCSC and LDC.

In order to understand industry performance, this quarterly monitor covers 675 shopping centres across Britain, providing detailed analysis of vacancy rates within the top 30, 50, 100 and 675 centres, supported with breakdowns by region, retail / leisure, multiple and independent mix, and more.

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+43% increase in the number of vacant units being demolished in June 2016 compared to the same time last year (June 2015)

15 July 2016 by Local Data Company

The picture across Great Britain

Britain’s shop vacancy remained at 12.3% in June, the lowest since November 2009. This is down -0.5% from the same time last year (June 2015). This change was driven by an increase in the number of new units (up +13% from June 2015) and an increase in the number of vacant units demolished (+43%, when compared to June 2015).

 Fig 1. GB Shop vacancy rate 2008-2016 (Source: LDC)

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Measuring the increasing number of converts to coffee

18 May 2016 by Local Data Company

In this blog post, Chris looks at the close relationship between coffee consumption footfall and analyses footfall profile's of different location types across GB.

The recent UK Coffee Week got me thinking about the close relationship between coffee consumption and footfall, now that the major brands have multiple outlets in most of the UK’s prime locations, and have persuaded many of us that the concept of ‘morning coffee, afternoon tea’ is highly out-dated - and that 24/7 coffee is a good thing.

I exclude myself from this generalisation, as I still consider myself proudly old-fashioned when it comes to liquid refreshment. Yet, the more I travel from the Midlands to work in London, I find myself increasingly meeting clients in coffee shops or finding the nearest outlet with a clean table and free WiFi - I can feel myself being dragged into the post-midday coffee culture. With opening hours well into the evening in some of the busiest locations, the days of coffee being a morning rital are long gone and it seems that almost any location is now viable for a coffee shop, as long as a certain volume and quality of footfall can be guaranteed.

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