Average of 47 stores closing daily
- Over 8,700 chain stores closed in UK retail locations in H1 2021
- Nearly 50 stores closed per day on average
- PwC research by LDC reveals net decline of 5,251 shops
According to PwC’s research by the Local Data Company (LDC), over 8,700 chain stores have disappeared from UK retail locations in the first half of 2021. The study revealed a net decline of 5,251 shops, with 3,488 openings compared to 8,739 closures. This equates to an average of nearly 50 stores closing daily.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about the number of chain stores that have closed in the UK during the first half of 2021 based on research conducted by PwC and LDC. It presents the data clearly and does not include any unnecessary details or personal opinions.
Noise Level: 6
Noise Justification: The article provides relevant information about the closure of chain stores in the UK retail sector, but it could benefit from more analysis or context on why this is happening and what it means for the economy. It lacks actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: The closure of chain stores can impact the stock prices of retail companies and potentially affect the overall retail market.
Financial Rating Justification: This article discusses the closure of a significant number of chain stores in the UK, which can have financial implications for the affected companies and may lead to changes in the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
www.retailsector.co.uk