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The pandemic continues to hit retail as the vacancy rate of shops across the country has increased to 14.1%, the latest British Retail Consortium shop vacancy monitor has revealed.
One in seven shops are now vacant with shopping centres faring worse than other retail locations, with over 12% of units lying empty for a year or more. In figures reported by the Local Data Company (LDC) in March, more than 17,500 chain store outlets disappeared from high streets, shopping centres and retail parks across the UK with 48 shutting permanently every day.
Read more at Accountancy Daily.