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Shop closures at lowest level in five years

The rate of store closures in the UK fell from 16 closures per day in 2014 to 14 closures per day in 2015, claims a new report.

According to PwC analysis compiled by the Local Data Company (LDC), 5,138 outlets closed in 2015 compared to 4,640 openings, equating to a net reduction of 498 shops.

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