PwC: Number of shop closures in Scotland 'accelerates'

Buchanan Street GlasgowImage copyright
Getty Images

Image caption

Glasgow saw a net loss of 11 stores in the first half year, according to the report

The number of shop closures across Scotland is "accelerated" in the first half of this year, according to a report.

PwC found 58 new stores opened in the nation's main cities and towns, while 107 closed – a net loss of 49.

The net loss in the first half of 2017 was 42.

Researchers attributed the rise in closures in order to continue in-house leisure.

While they were not the worst hit, they were kitchen planning stores, opticians, shoe shops and banks also saw "notable" net closures.

Nine Scottish towns and cities were evaluated in the study of multiple retailers, which were conducted by the Local Data Company.

Aberdeen fared in relative terms, with a net loss of 20 stores. Edinburgh a net reduction of 13 stores and Glasgow 11.

Ayr and Leith, in Edinburgh, which both increased by one.

Image copyright
Local Data Company

The report also suggested a migration of shoppers from high streets to retail parks.

Over the period, 67 high street shops and 40 shopping centers closed, while the number of outlets in retail parks remained static.

Mark Addley, from PwC to Scotland, said the analysis had revealed a "retail map which is continuing to change beyond recognition from a generation needle".

He added: "The convenience of online shopping is making its mark on the high street, and we expect this will be to re-evaluate the purpose of their bricks and mortar operations.

We are branding for more than one month. high street closures in the coming months. "

The rate of closures in Scotland was the same as in the United Kingdom.

The research found 1,569 shops opened, compared to 2,692 closures.

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.