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Store closures hit fashion and footwear | News | Drapers

The fashion and footwear has been one of the worst accidents of the set-back with 17.9% of stores in the womenswear and clothing for children and 12.4% of clothing stores for men to close their doors during the first nine months of this year. The shoes have also performed poorly with 14.9% of stores closing.

Figures cracked lowest by The Times set up the sector without restriction was an accident of rising interest rates and meager access to trust in the area, with 15% to ignore fashion stores have closed within nine months.

As a measure of 251,462 companies across more than 705 centers across the United Kingdom, an honest to 25,090 have closed their doors during the span.

Liz Quiet, chief official of the Confederation of British Mark said: "No one is altogether escape the drop and it is refreshing that the ministers of step real remedy for companies with a mitigation realistic climb thrust next year rate case and a reduction in empty property rates. In a body to own investment in the regeneration of retail developers worth supporting master returns that are generated from maintaining rents at a particular rank....