Local Data Company news and archive

More than 17,500 UK chain store outlets disappeared as a result of Covid-19

Recent talk of revenge shopping will not be a help to the 17,500 stores that disappeared from the UK’s high streets, shopping centres and retail parks during the pandemic, as figures from the Local Data company (LDC> and Price Waterhouse Coopers (PWC)show. An average of 48 shops, restaurants and other leisure and hospitality venues closed...

RetailFeatured

A record-high number of UK store closures in 2020

A record amount of store closures were reported within the first half of 2020 due to the Covid-19 pandemic, new data reveals. So far this year, 11,120 chain operator outlets have closed, according to research by the Local Data Company and PWC UK which tracked 210,365 outlets across the UK from January to August this year. There has been over...

RetailFeatured

Number of empty shops rises in lockdown

The number of empty shops increased modestly in the past quarter during the government-enforced lockdown which saw the closing of all non-essential stores. The quarterly BRC-LDC retail vacancy monitor revealed that 12.4 per cent of all shop units were vacant in the three months to the end of June, a slight increase from 12.2 percent in the first...

BusinessMember

Government launches enquiry into business rates impact

The Treasury Committee has launched a fresh inquiry into business rates to find out how Government policy impacts UK companies. The parliamentary committee will be examining the way business rates policy have changed and whether the current service is working. Alternative policies, such as the proposed digital service taxes and alternatives to...