In the first half of this year, pharmacies, pubs, and banks accounted for half of the closures on Britain’s High Streets, according to data. A total of 6,945 stores have shut down in 2024, averaging 38 closures per day
Taking new store openings into account, the net closure rate stands at 12 stores per day, a slight increase from the previous year.
Research by accountancy firm PwC reportedly indicates that each week, an average of 18 pharmacies, 16 pubs, and nine banks closed from January to June 2024.
In contrast, only three convenience stores and one café chain have opened, underscoring the significant transformations occurring in town centres.
The previous year recorded a net closure rate of 11 stores per day.
