Number of chain retail shops closing in the East Midlands is at its lowest level for four years

Delivered by Margot Parker, on 17 November 2017

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To The Editor,

Dear Sir,

As MEP for the East Midlands it was interesting to read in The Business Desk that the number of chain retail shops closing in the East Midlands is at its lowest level for four years.

Your report shows that analysis tracked 4,538 outlets in the East Midlands operated by multiple retailers in 34 town centres across the region. 

In the first six months of 2017, 175 shops opened on high streets, retail parks and shopping centres, alongside 167 closures.

The net difference between store openings and closures in H1 2017 has shrunk significantly to plus eight stores compared to a net loss of minus 21 in 2016, representing the highest net increase since 2013.

Nottingham, Leicester and Derby all fared well. Now some commentators, those camped in the 'doom and gloom' Remain camp would say this is 'in spite of Brexit'.

It is a phrase we keep hearing. But in recent weeks I have put pen to paper many times to highlight companies doing well, employment down, business up, shops opening - and I would say that is BECAUSE of Brexit.

Yours faithfully,

Margot Parker, MEP for the East Midlands and UKIP deputy leader 

 

 

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