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Economy

Retail sees 14 closures a day as 5,000 stores vanish in 2023

The research has attributed the high volume of closures to the collapses of high street staples such as Wilko, Paperchase and Lloyds Pharmacy

High-profile retail restructuring and administrations have resulted in a net of 14 store closures a day during 2023, according to research from LDC and PwC, meaning that 5,000 fewer shops are currently trading across the country.  

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