Worse, the Centre For Retail Research predicted as many as one in 10 store sites may never sell goods again. Overall, fashion, home and non-food retailers have lost £9 billion in sales so far this year. The findings come as a poll of 400 property executives found more than a third are already changing how their retail stores are used and a further 57% are considering changes. Professor Joshua Bamfield, director at the Centre For Retail Research, says the longer the work-from-home instruction is required, the bleaker the prospects. In the retail sector alone, it is thought at least 125,000 jobs have been lost so far this year.

Source: Daily Mirror September 28, 2020 09:03 UTC