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Store openings dive bombs 84% as Brexit jitters kick in

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Store openings took a nose dive by 84 per cent year-on-year in the second quarter this year, as economic uncertainty due to Brexit drained appetite for bricks-and-mortar space. According to the Local Data Company (LDC), the slowdown was led to a net loss of 207 shops in the quarter, compared to an increase of 1284 shops in the previous quarter. LDC’s Retail and Leisure Trends Report said the figures of the first two quarters marked the biggest drop between consecutive quarters in five years

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Store openings dive bombs 84% as Brexit jitters kick in

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