Quarter of shop space in England and Wales lost after 2008 crash

More than a quarter of all retail floor space in England and Wales disappeared in the aftermath of the 2008 financial crisis, research has shown, as the industry struggled with the shift to online purchases.

The amount of shop space fell in all but five of 348 local authorities analysed in the study by academics at Northumbria University, Newcastle.

In 2008, there was more than 157m square metres of retail floor space in England in Wales. By 2015, the figure had dropped to just under 114m square metres, a 27.6% fall.

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