Shop vacancy rate hits worst level since 2015

Poundworld closing down signs

The number of empty stores across the UK has hit its highest level for over four years, new figures have revealed.

More than one in 10 shops lay empty in July – 10.3% of units – the highest level since January 2015.

According to the latest data from the BRC and Springboard, footfall dropped 1.9% in July, compared to a 0.9% decline during the same month a year ago.

Shopping centres suffered the worst fall, at 3.1%, while footfall to high streets was down 2.7%.

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