UK Shop Closures Slow Down

The pace of shop closures on the High Street has slowed, offering a glimmer of hope for retailers.

Town centre shops closed at a rate of 18 a day in the first half of the year, compared with 20 a day a year ago, according to the study by PwC and the Local Data Company.

Video and photography shops suffered the worst drops, while hearing aid and charity shops opened the most branches.

There was a net reduction of just 209 shops, compared with 953 a year ago.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza