On­line shop­ping speeds up clo­sure of high street stores

Evening Times - - NEWS -

THE num­ber of tra­di­tional re­tail­ers clos­ing across Scot­land’s high streets is ris­ing rapidly, ac­cord­ing to a re­port.

The de­cline has been put down to the growth in on­line shop­ping and a shift to “in-home leisure”, PwC said.

In the first half of 2018 there were 58 new store open­ings in Scot­land’s main cities and towns, but 107 clo­sures, fig­ures from the Lo­cal Data Com­pany (LDC) show.

In Scot­land, nine towns and cities were eval­u­ated in the study, with Aberdeen faring worst with 22 stores clos­ing and only two open­ing in the first six months of 2018.

In Ed­in­burgh there was a net re­duc­tion of 13 stores and in Glas­gow 11, to 992 and 887 re­spec­tively.

The rate of clo­sures in Scot­land was bet­ter than the UK as a whole, which saw a net 1,123 stores dis­ap­pear from the top 500 high streets.

Mark Ad­dley, head of re­struc­tur­ing for PwC in Scot­land, said: “The in­ten­sity of the cur­rent re­tail cli­mate, which is be­ing felt across Scot­land’s towns and cities, high­lights that re­struc­tur­ing and new in­vest­ment are re­quired, but so are new ways of think­ing.”

Re­tail has been hit

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