High Street Footfall Has Dropped By 65 Per Cent And Could Lead To 250 000 Jobs Being Axed By Struggling Retailers
High street footfall has dropped by 65 per cent and could lead to 250,000 jobs being axed by struggling retailers.
Most high street shops across England and [/news/northern-ireland/index.html Northern Ireland] were given the green light to reopen on June 15 amid the [/news/coronavirus/index.html coronavirus] pandemic.
But many customers have chosen to stay indoors and make their purchases from the safety of their homes - sending online shopping figures soaring.
High street footfall has dropped by 65 per cent and could lead to 250,000 jobs being axed by struggling retailers
Retail footfall has dropped by 65 per cent when compared with figures from June last year, according to research by data company Springboard - seen by [ ].
The worst drop in footfall was found in central London, which saw a whopping 81 per cent less shoppers in June than in the same month last year.
And thuê xe ô tô giá rẻ tại hà nội desperate retailers have already started cutting thousands of jobs because of a dramatic loss in high street shoppers.
A graphic, pictured, demonstrates the extent of the impact the coronavirus pandemic has had on the UK economy
Retail footfall has dropped by 65 per cent when compared with figures from June last year, according to research by data company Springboard
John Lewis and Boots axed 5,300 jobs and announced permanent store closures last week.
Some 612,000 jobs have already been lost across the UK as a result of the coronavirus pandemic and the number of people on benefits has skyrocketed by 1.6million to 2.8million.
Experts have warned that the slew of store closures at John Lewis and Boots are 'just the start'.
Britain's furlough bill soared past £25billion this week with more than 12 million jobs now being propped up by the state, new figures revealed today
John Lewis and Boots axed 5,300 jobs and announced permanent store closures last week
Industry insiders are monitoring Top Shop, New Look, Arcadia, Monsoon and Poundstretcher for similar announcements. [#
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'Lockdown has been the catalyst, not the cause.
Big firms like John Lewis have needed to shut stores for years.
'Fifteen years ago online shopping wasn't really used, now it's worth £70billion. But in that time they have still opened more stores. It's not sustainable.'
Britain's jobs bloodbath gathered pace last week as more than 60,000 workers were axed or faced redundancy.
It was an immediate blow for Chancellor Rishi Sunak, who launched his desperate £30billion package to help keep people off the dole.
Weekly sales: John Lewis Partnership weekly sales figures over the last year, provided by MarketLine
Gross sales: John Lewis Partnership gross sales since 2009
On the slide: John Lewis Partnership bonus payments through time
Some 612,000 jobs have already been lost across the UK as a result of the coronavirus pandemic and the number of people on benefits has skyrocketed by 1.6million to 2.8million
His mini-Budget included a £1,000 'jobs retention bonus' for business who bring workers back off furlough, and half-price meals out funded by the government.
A grim-faced Chancellor conceded he could not protect all workers, and the UK was on track for a 'severe' recession.
Unite chief Len McLuskey said Mr Sunak had 'failed' to prevent more redundancies on Britain's struggling high streets.
And retail is not the only sector which is still battling to recover from the coronavirus crisis.
Hospitality chain The Restaurant Group, which owns Wagamama and Frankie & Benny's, has already announced that it will keep one in 10 of its restaurants and pubs closed this year.
Experts have warned that the slew of store closures at John Lewis and Boots are 'just the start'
The Springboard figures have shown that overall footfall, including high streets, shopping centres and retail parks fell by 57 per cent year-on-year in June.
<div class="art-ins mol-factbox floatRHS news" data-version="2" id="mol-7c84ea80-c4e2-11ea-9946-7793cbd56c59" website stay away from the high street with footfall down 65%