One in Ten Town Centre Shops Empty

One in Ten Town Centre Shops Empty

More than one in ten town centre shops were empty at the end of May, research from the British Retail Consortium (BRC) has found.  The BRC’s Footfall and Vacancies report showed that the average vacancy rate across the UK was 11.2%, rising to 13.4% in Wales and 17.1% in Northern Ireland. Overall footfall was 1% lower in July than a year ago. The retail body said that a combination of high inflation, low wage growth and uncertainty about the economy was hitting consumer spending levels hard. Public sector job losses were also taking their toll on confidence, the BRC said. A BRC spokeswoman said that the number of empty high street shops was slightly lower than last year, but warned that a “spiral of decline” was affecting town centres. “Where there are high numb... »