Store closures in Scotland are at their lowest rate since 2019, according to new data from PwC and The Local Data Company.
During the first half of this year, 536 Scottish stores closed, while 356 shops were opened – resulting in a net loss of 180 stores managed by retailers with more than five outlets.
With the overall reduction at -1.2%, Scotland’s closure rate has improved from the first six months of 2021, when it was -2.8% and sits just shy of the pre-pandemic rate of -1.1%. However, it remains above the Great Britain average of -1.1%.
