Cut in rate of retail closures

%VIRTUAL-SkimlinksPromo%The surge in convenience store openings on Britain's high streets helped offset dwindling numbers of fashion shops and travel agents last year as the rate of retail closures eased sharply, according to figures.

Data from PricewaterhouseCoopers (PwC) and the Local Data Company showed that retail chains with more than five outlets closed at a pace of 16 stores a day in town centres last year, down from 20 a day in 2012.