Lifting lockdown fails to provide bounce for High Street

Business


Number of shoppers returning to Britain’s High Streets last month well down on same period last year

The number of shoppers returning to Britain’s high streets last month continued to be well down on the same period last year. 

A 65 per cent drop in footfall was registered for high streets and 62 per cent for shopping centres, compared with the same month in 2019, despite the lifting of lockdown on June 15. 

The overall decline at retail locations including food stores was 56 per cent, which was a significant improvement on the 73 per cent year-on-year decline in May, when all shops were closed. 

Decline: John Lewis announced it would close eight of its 50 stores, putting 1,300 jobs in grave danger

This week the UK will brace itself for more dire economic news as the latest GDP and unemployment figures are published. 

Fashion is thought to be particularly vulnerable. Last week John Lewis announced it would close eight of its 50 stores, putting 1,300 jobs in grave danger. On the same day Boots axed 4,000 jobs and closed 48 stores. 

A string of companies including Monsoon, Warehouse and Cath Kidston have already gone bust, with more casualties likely. 

Retailers were excluded from handouts announced in the mini-budget last week.

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