Sunday, November 18, 2012

Empty Shops Rate Sets 'Alarm Bells Ringing'

One in 10 shops in UK high streets and shopping centres were empty in October - the worst figure since the British Retail Consortium's nationwide survey began in July 2011.

As retailers continue to battle against stagnating sales and rising costs, the new figures showed last month's town centre vacancy rate at 11.3%.

A fifth of store units are currently empty in Northern Ireland, while the rate for Wales is 15.1% and for the North & Yorkshire region the rate is 14.6%. Greater London had 7.6% of its units lying empty.

http://news.sky.com/story/1013208/empty-shops-rate-sets-alarm-bells-ringing