December 6, 2021

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Coronavirus: Retail sales fall by record 18.1%in April as shutdown takes hold

Coronavirus: Retail sales fall by record 18.1%in April as shutdown takes hold
The volume of retail sales in April fell by a record 18.1% as stores were forced to close their doors due to the coronavirus lockdown.The figures from the Office for National Statistics follow a 5.2% fall in March, which was a record at the time and came as many UK retail businesses shut down due…

The volume of retail sales in April fell by a record 18.1%as shops were forced to close their doors due to the coronavirus lockdown.

The figures from the Workplace for National Stats follow a 5.2?ll in March, which was a record at the time and came as many UK retail companies closed down due to government steps to restrict the spread of COVID-19

Among the sectors to suffer was clothes, where sales plunged by 50.2%in April compared to March, which had actually seen a 34.9?ll.

The volume of products offered by household stores fell 45.4%, on the back of an 8.7%drop from February to March.

CARDIFF, UNITED KINGDOM - MARCH 18: A general view of fashion retailer Zara in central Cardiff on March 18, 2020 in Cardiff, United Kingdom. The fashion retailer Zara has announced it is to temporarily close 3785 stores due to the coronavirus outbreak causing a plunge in sales. Coronavirus (Covid-19) has spread to over 170 countries in a matter of weeks, claiming over 8,000 lives and infecting over 200,000

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Clothing brand names have actually been especially badly hit

The only intense areas for retailers were a record increase in non-store retailing of 18%and a boost in sales for alcohol shops of 2.3%.

Almost all shop types saw record online spending in April, as numerous sellers shifted to online-only trading to keep service ticking during the coronavirus crisis.

Jeremy Thomson Cook, chief economist at Equals, stated: Today’s UK retail sales figures reveal the nature of customer dealing with organisations through the COVID-19 crisis; you need to be online and food or booze-related or your sales have been crippled.

” Coronavirus has actually put the High Street in stasis – and the reopening of shopping centres and locations will take a big quantity of time and preparation with no guarantee of a full recovery.

” Online fulfilment will remain vital offered consumers may have the ability to go back to shops soon but the desire to physically turn up will likely be doing not have.”

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Ian Geddes, head of retail at Deloitte, stated: “Many non-food merchants will be looking to garden centres and hardware stores to see what challenges may be to come.

Mr Geddes stated Deloitte’s research revealed half of food and non-food sellers “anticipate to have at least 41%of store estate open by the end of June”, with the staying half preparation to reopen “between 81%and 100%”.

It comes as British fashion home Burberry reported a 27%drop in equivalent sales in the last quarter of its year.

SHANGHAI, CHINA - APRIL 25:  A woman walks in front of Burberry's new flagship store on April 25, 2014 in Shanghai, China.  (Photo by Kevin Lee/Getty Images)

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China is an essential market for Burberry so the brand name was feeling the discomfort from the infection outbreak as early as January

Burberry started to feel the discomfort as early as January, when the coronavirus pandemic hit China – one of its essential markets.

As the infection infect Europe and North America, it saw significant losses in those regions, too.

Chief executive Marco Gobbetti stated that prior to the virus, Burberry had actually been making strong development, with sales growing ahead of expectations.

He included: “Since then, the global health emergency situation has actually had an extensive influence on the world, our industry, and Burberry, but I am extremely pleased with the way we have actually reacted.

” It will require time to heal but we are encouraged by our strong rebound in some parts of Asia and are well-prepared to browse through this duration.”

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