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Daily Record
Daily Record
Lifestyle
Katharine Hay & Rachel Williams

Rate of store closures in Scotland at their lowest in three years

The rate stores are closing in Scotland is at its lowest since 2019, a report has shown.

During the first half of this year, 536 businesses north of the border closed their doors, while 356 shops were opened - resulting in a net loss of 180 stores managed by retailers who have more than five outlets.

With the overall reduction at minus 1.2%, Scotland's closure rate has improved from the first six months of last year, when it was minus 2.8% and sits just shy of the pre-pandemic rate of minus 1.1%.

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