DCA UPDATE WEB VERSION: Click Here
a result of the pandemic is shared by many in the sector.
“Amazon and the supermarkets have been the big winners at the expense of the small independent retailers,” says Museums Selection’s Tracey Putt. “It is all very well saying that they could trade online but being seen online is just not that easy with the big players dominating this space too.”
ProCook’s Daniel O’Neil warns that some retailers “will not survive”. “The high street has obviously suffered the most where landlords have not offered reduced rents,” Mr O’Neil explains.
“I think some of the definitions and rules around essential and non-essential retail have been confusing, making it painful for many businesses in the non- essential category who have had to watch on while big retailers sweep up their trade.”
Mr O’Neil said his company had been campaigning for “greater clarity” around classifications. He said the variation in the government’s advice from region to region has made it “extremely difficult for some businesses to operate.”
The negative impacts of Covid-19 are expected to lead to even further job losses going forward. With the latest
homeofdirectcommerce.com | Direct Commerce
announcements coming from Edinburgh Woollen Mill, Arcadia, Bonmarche and Debenhams alone, it is clear that unemployment is set to rise significantly.
“It seems inevitable that with so very many national chains pushing through CVAs or being put up for sale that future prospects for retail sector health are worrying,” said one industry source. “Most are pruning out underperforming stores and making redundancies. Some, very clearly, have little chance of returning to profitability. There also some which have been in a ‘terminal’ state for years which are predictably using Covid-19 as an excuse for the mess they are in.”
61
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70
