Shop closures hit UK's smaller retail centres hardest

Shop closures hit UK's smaller retail centres hardest
 

Smaller shopping centres bore the brunt of store closures last year, according to a study of vacancies in the retail and leisure sectors.
Centres ranked 300 or lower in the Local Data Company's (LDC) index saw vacancies rise from 19.7% to 19.9%.
In contrast, vacancies fell in the UK's top 50 shopping centres, underlining a significant polarisation, the LDC said.
The report also found that niche restaurants are booming, with vegan, Jamaican and South American expanding.
The LDC found that the overall vacancy rate last year rose for the first time since it started measuring it. But this was... read more

 
5 June 2018 in Business, Views: 70
Source: BBC
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