{"id":25387,"date":"2018-11-09T17:00:40","date_gmt":"2018-11-09T17:00:40","guid":{"rendered":"http:\/\/thevoiceoflondon.co.uk\/?p=25387"},"modified":"2018-11-09T17:00:40","modified_gmt":"2018-11-09T17:00:40","slug":"british-high-streets-see-worst-shop-closures-in-last-five-years","status":"publish","type":"post","link":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/british-high-streets-see-worst-shop-closures-in-last-five-years\/","title":{"rendered":"British high streets see worst shop closures in last five years"},"content":{"rendered":"<p><b>Research compiled by the Local Data Company for PwC shows that there has been the largest half-year net decline in high street stores in five years. <\/b><\/p>\n<p><span style=\"font-weight: 400\">Due to the rate of shop closures out pacing shop openings, a net of 1,123 stores have disappeared nationwide.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Greater London is the worst hit of all regions with its high streets losing a total of 268 stores.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The businesses affected the most were those with online competitors.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25392\" src=\"http:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2018\/11\/20181109_122937-1024x768.jpg\" alt=\"\" width=\"644\" height=\"483\" \/><\/p>\n<p><span style=\"font-weight: 400\">Pubs and the restaurant sector were particularly affected too, which is due to a shift in preference for eating-in and drinking at home according to the PwC research team.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lisa Hooker, consumer markets leader at PwC, said: <\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cOur latest research highlights the challenges facing the retail and leisure sectors on Britain\u2019s high streets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The continued rate of store closures reflects the new reality that many of us prefer to shop online and increasingly eat, drink and entertain at home. Openings simply aren\u2019t replacing the closures at a fast enough rate. Looking ahead, the turmoil facing the sector is unlikely to abate.<\/span><\/p>\n<p><strong>See also: <a href=\"http:\/\/thevoiceoflondon.co.uk\/the-health-of-londons-high-streets\/\">The health of London&#8217;s high streets<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">Store closures already announced in the second half of the year due to administrations and CVAs already will further intensify the situation.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Voice of London went to Harrow high street to see what people thought about the findings.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"UK high streets see most shop closures in past five years by Adam Kirkman\" width=\"500\" height=\"400\" scrolling=\"no\" frameborder=\"no\" src=\"https:\/\/w.soundcloud.com\/player\/?visual=true&#038;url=https%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F527177976&#038;show_artwork=true&#038;maxheight=750&#038;maxwidth=500\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><strong>See also<\/strong>: <a href=\"http:\/\/thevoiceoflondon.co.uk\/high-street-more-like-ghost-street\/\">High street? More like ghost-street<\/a><\/p>\n<p><strong>Featured image: <a href=\"https:\/\/pixabay.com\/en\/bust-no-money-insolvent-bankruptcy-2794420\/\">Pixabay<\/a><\/strong><\/p>\n<p><b>Words &amp; Audio: Adam Kirkman | Subbing: Salvi Shahlaie | Photography: Adam Kirkman<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Research compiled by the Local Data Company for PwC shows that there has been the largest half-year net decline in high street stores in five years. Due to the rate of shop closures out pacing&#8230;<\/p>\n","protected":false},"author":476,"featured_media":25390,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75,115],"tags":[3769,5612,5793,6538],"class_list":["post-25387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investigations","category-specials","tag-london","tag-shopping","tag-specials","tag-uk"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/25387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/users\/476"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/comments?post=25387"}],"version-history":[{"count":0,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/25387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media\/25390"}],"wp:attachment":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media?parent=25387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/categories?post=25387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/tags?post=25387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}