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Store Closures At Lowest Level For Seven Years

There has been a big fall in the number of chain stores shutting across Britain, new figures show.

Closures in the first six months of 2022 dropped by a third compared with the first half of last year, accountancy firm PwC said.

Shop openings are still below pre-Covid levels, but closures are now at their lowest level for seven years.

PwC said the shock of the pandemic had “eased” but warned that high inflation will hit the retail sector.

Read the full article on the BBC website