Net store closures in Scotland are at their lowest rate since 2016, according to new data from PwC and The Local Data Company (LDC).
Throughout last year, 888 stores north of the border closed their doors, while 669 shops were opened – resulting in a net loss of 219 stores managed by retailers with more than five outlets.
With the overall reduction at -1.4%, Scotland’s closure rate in 2022 is almost a quarter of the 2021 rate - when it was -4.7% - and is even less than the pre-pandemic rate of -3% (in 2019).
