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Birmingham Post
Birmingham Post
Business
Tom Pegden

Leicester, Nottingham and Derby shop closures slowing

The number of shops pulling down their shutters for good in Leicester, Nottingham and Derby is falling according to figures from one of the top accounting firms.

The store openings and closures report from PwC says the decline in shop numbers in the East Midlands was at its lowest since 2017 – partly helped by a bounce-back in businesses such as takeaways, convenience stores, DIY and pet stores.

Nationally, it said, stores were closing at their slowest rate since 2014. Across the UK there were an average of 32 shop closures a day last year with 22 openings, with PwC saying retail parks and leisure operators were continuing to thrive despite the tough economic background.

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