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Independent retail suffers significant closures

Independent retail saw a net loss of 1,554 stores in the first half of 2018.

The British Independent Retailers Association and Local Data Company found that while 15,340 independents were opened, 16,894 were forced to close.

Fashion was one of the areas most affected by closures. The overall number of clothing shops dropped 2.9% on 2017 while women’s clothing stores fell 3.3%.

Service-based retail, such as beauty salons, barbers, tattoo parlours and estate agents, was the only category which saw an increase of 0.1%.

The West Midlands saw the highest increase of independent shops, adding 117 stores to the region, an increase of 0.49%. The biggest declines in independent retailers were seen in Yorkshire and Humberside, down 1.64% from losing a net number of 494 units.

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