Retailers
Store closures drop to lowest rate in seven years
However, openings have yet to recover to pre-pandemic highs, which PwC said suggests that retailers are exercising strict caution in the current trading environment.
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Store closures have stabilised to the lowest rate in over seven years, with 6,146 store closures in H1 2022 (-30%) year-on-year from multiple retail operators, compared to 3,888 openings (+11%).
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