It’s the news the industry dreaded. This Thursday so-called ‘non-essential’ retail will be shut down until December 2 in a bid to stem the spread of coronavirus. Many fear chaos, but could click and collect come to the rescue?
The impact of another lockdown in the middle of the golden quarter is likely to be heavy.
Next chief executive Lord Wolfson forecast last week, prior to the latest measures being announced, that two weeks of mandated closures across England, Scotland and Northern Ireland would trigger a 20% drop in full-price sales. That might now prove over-optimistic.
Primark, one of the high street’s most successful retailers, anticipates a hit of £375m in lost sales.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.