Main shopping streets in England's towns and cities could lose another 400 000-plus jobs after coronavirus passes, as Britons continue to work from home and buy online, accountants KPMG said Thursday. Covid-19 has already ravaged the UK retail sector, with tens of thousands of jobs being lost and big-name bankruptcies, although supermarkets have boomed. "According to KPMG analysis, high streets could lose between 20% to 40% of their retail offerings... This could see over 400 000 job losses on the high street." KPMG UK chief economist Yael Selfin said consumers were more likely to purchase household goods online in the wake of the pandemic.

Source: News 24 January 14, 2021 11:15 UTC