UK retail loses over 170,000 jobs in 2020 as Covid

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UK retail loses over 170,000 jobs in 2020 as Covid restrictions bite - Today News Post Today News || UK News

More than 176,000 retail jobs disappeared in 2020 and a larger number of losses are expected this year as shops continue to struggle under lockdowns, a retail research group has warned.

The Centre for Retail Research has estimated that up to 200,000 jobs in retail could vanish in 2021 as pandemic-related restrictions on movement continue hitting footfall and sales in physical stores.

Joshua Bamfield:1622668712161,, director at the research group, said the forecast was based on the impact of closures on cash flow, adding that the “longer-term effects of the greater use?.?t in that (Monday federal) budget and we.The inaugural parade in Washington, D.C., January. 20, 1981AP?.?of online retailing is likely to be hugely damaging for physical stores”.

The growing popularity of online shopping has hit many brick-and-mortar retailers, with shops on UK high streets shedding jobs for yearsThe virus was spreading i.

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