Nearly as many stores have closed across Coventry and Warwickshire during the first 6 months of 2014 compared to the whole of 2013. However, big new names like Smyths were attracted to the city.
Figures released this week show Coventry has already lost 19 retailers, which is only three less than the total number of store closures last year.
Nuneaton have more shops in the first half of this year than the whole of the previous year, with the figure already reaching 15 compared to 12 during 2013.
Sadly, these latest findings do not include a number of high-profile store closures during August and September, including the national chain Phones 4u which caused the loss of 50 local jobs when all stores across Coventry city centre, Binley, Arena Park. Stratford, Leamington, Nuneaton and Rugby were closed.
In Coventry, the number of new shops opened in the first half of the year was 13 and only seven in Nuneaton, although some of the new openings have been big names.
In Rugby, the figures were level with the number of closures and new openings standing at eight this year compared to 16 losses and 12 gains during 2013.
Leamington is one of the region’s few high street winners with only two retailers lost from the town this year, compared to 27 last year.
The research has also revealed the biggest retailer losers are both men and women’s fashion shops, mobile phone retailers and video libraries.
But betting shops, coffee shops, discount stores, charity shops and American restaurants appear to be thriving.
Nuneaton also lost its Dorothy Perkins store in the town’s Market Place during the summer and 40 jobs were lost in Coventry when Homebase closed its big store in Walsgrave.
However, this year Coventry has welcomed new shops to the city, including sporting goods retailer Sportsdirect.com which opened a new base at Cannon Park Shopping Centre creating 35 new jobs.
Smyths Toystore was another big new draw for the city, bringing 30 new jobs to the city when it opened at the Airport Retail Park, and the new Fargo village recently opened to much acclaim.