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Shop Closures Hitting Scotland Hard

Scotland lost a job almost every day last year according to new figures.

A total of 353 stores were closed across the country over 2012, a rise of 14% from the year before, with the most closures coming from card shops, jewellers and travel agents.

Glasgow had the most shop closures, losing 113 stores, while at the same time having the most new shops opening, with 95 new stores coming to the city.

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Glasgow was the city with most closures

Bruce Cartwright, the head of business recovery services for PricewaterhouseCoopers, who carried out the research said: “What is pleasantly surprising is the speed at which some of these stores have been picked up, by value and grocery stores in particular.”

“There is room for positivity in 2013. As we have seen in the past, good businesses with good operating models and good people don’t fail.”

 

 

By Daniyall Qazi

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