Store closures hit record high of 48 per day in 2020

Debenhams closure

More than 17,500 stores closed in 2020, marking the biggest decline in shop numbers in over a decade.

According to data compiled by PwC and Local Data Company (LDC), the net fall in store numbers was 9,877 last year after the total number of stores closed was partially offset by 7,665 new openings.

This net fall represents nearly one in 20 stores closing in 2020 and marked a 4.5% decline in total shop numbers. 

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