Data: Store closures slow in ‘remarkable’ post-pandemic retail recovery

Blurry photo of busy high street

The recovery of physical retail stores and leisure destinations has been “remarkable” given the ongoing economic headwinds facing the sector, according to a new report.

Figures from Local Data Company (LDC) found the lowest level of store closures in five years in the first half of 2022 and indicated that market activity has recovered from the nadir of the pandemic.

Net closures of retail and leisure stores improved to -923 in the first six months of 2022 – the best result since the first half of 2017.

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