High Street closures gather pace

Fashion store Steel and Jelly, which closed in Birmingham's Grand Central in December 2016
The pressure on West Midlands' high streets has been highlighted by new data showing there were six closures for every five openings in 2016. Wolverhampton and Nuneaton were among the hardest hit with 7% of the retail stock becoming vacant. However several places, led by Bromsgrove, Stafford and Stoke-on-Trent, did see a net improvement during the 12 months. Across the region, 392 outlets closed compared to 332 openings. The net reduction of 60 shops followed a net loss of 19 shops in 2015. There have been a spate of r... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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