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One in Ten UK Stores Have Closed So Far This Year
A Drapers story cites data from the Local Data Company that indicates 10% of stores closed in the UK from January to September of 2009. Fashion stores were hit hard with 17.9% of stores closing.
Fashion and footwear was one of the worst casualties of the recession with 17.9% of stores in the womenswear and kidswear sectors and 12.4% of menswear stores shutting their doors in the first nine months of this year. Footwear also fared badly with 14.9% of stores closing.
Figures broken down further by The Times suggest that the independent sector was a casualty of rising rates and limited access to credit during the period, with 15% of independent fashion stores reported to have closed in the nine months.
U.S. fashion-related store closings may show a similar percentage for the past nine months.
Posted on October 27, 2009
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Starbucks to Close 31 UK Stores
 The Independent reports that Starbucks plans to shutter 31 of its coffee shops in the UK. This include two London Starbucks cafes.
Starbucks put 31 of its British coffee shops on the market this week as part of plans to trim its global portfolio.
The sites include two in the City of London, and one each in Birmingham's Bull Ring centre, Princes Square in Glasgow and Market Place in Wigan.
Starbucks has closed about 800 stores in the U.S. so far this year.
Posted on August 11, 2009
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