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Smaller shopping centres hit by store closures

Smaller shopping centres bore the brunt of store closures last year, research compiled by the Local Data Company (LDC) shows.

In centres ranked 300 or lower in the LDC’s index, the number of vacancies rose from 19.7% to 19.9% in 2017. Conversely, vacancies fell in the UK’s top 50 shopping centres.

Overall vacancy rates rose by 0.2%, reaching an annual rate of 11.2%. The highest increases in store closures were in Yorkshire, Greater London and Scotland. The West Midlands had the fewest closures.

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