• Mobile Commerce Press, Friday, March 20, 2015 12:51 PM

PricewaterhouseCoopers (PwC) has released the results of its research, which was based on information compiled by The Local Data Company, which revealed that the United Kingdom suffered a net loss of 987 brick and mortar retail stores, last year, and it has placed the blame on factors such as mobile technology. The year before, the figure of store closures in the U.K. was three times lower, when a total of 371 closures had been recorded. On the whole, in 2014, there were 5,839 stores that closed their doors forever, while there were 4,852 new store openings. Among the stores that closed, two out of every three were in the clothing and footwear categories. Mobile technology stores, money services, and bank branches also faced serious difficulties. That said, some types of stores broke away from that trend and managed to thrive, including discount shops such as Poundland, coffee shops, charity shops, smoke shops/e-cigarettes, and betting shops.

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