Retail chains close 20 shops a day

Press Association
High street
High street

Major retailers in Britain closed an average of 20 stores a day over the past 12 months, new research revealed.

The numbers of shop closures by high street chains in 2012 was 10 times the number on the year before, analysis by PwC and the Local Data Company found. The survey found that 1,779 stores were closed last year, compared with 174 in 2011.