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Pandemic could lead to 400,000 jobs being lost on the High Street

  • Street: Auenweg 12
  • City: Posselsdorf
  • State: Delaware
  • Country: Austria
  • Zip/Postal Code: 3753
  • Listed: Ocak 26, 2021 6:02 pm
  • Expires: 53 days, 5 hours

Description

The boom in internet shopping and rise of people working from home could lead to 400,000 jobs being lost on the High StreetThe boom in internet shopping and rise of people working from home could lead to 400,000 jobs being lost on the High Street, new research warns. Economists at KPMG say that even after Covid-19 restrictions are lifted, shopper – http://data.gov.uk/data/search?q=shopper numbers could be a third below pre-pandemic levels as fewer people travel to work – and ecommerce booms. It claims high streets could lose between 20 per cent and 40 per cent of their shops – leading to as many as 400,000 jobs being axed. KPMG UK chief economist Yael Selfin said: ‘High streets will need to be reimagined as cultural and recreational hubs to act as magnets for businesses and jobs able to transform less prosperous areas.’ Winners and losers are emerging from the Christmas trading period, with retailers with strong online offerings out-performing their peers. KPMG said it was unlikely that office workers will return to commuting habits, with most expected to continue working remotely for part of the week. RELATED ARTICLES Previous – # 1 – # 2 – # Next – # Homebuyers warned over stamp duty scams: Thousands rush to… – /money/article-9119515/Homebuyers-warned-stamp-duty-scams-deadline-nears.html Cargo coming into Britain from France and Germany is down… – /money/markets/article-9142355/It-worse-Post-Brexit-cargo-freight-chaos.html William Hill forecasts £30m annual loss after lockdowns… – /money/markets/article-9142009/William-Hill-forecasts-30m-annual-loss-hit-shop-closures.html BUSINESS CLOSE: FTSE finishes down; Lidl’s Christmas sales… – /money/markets/article-9141657/BUSINESS-LIVE-Lidls-Christmas-sales-soar-William-Hill-revenues-drop.html Fury over BMW’s ‘OK, boomer’ social media jibe: Customers… – /money/cars/article-8977809/Fury-erupts-BMW-alienates-customers-OK-boomer-social-media-jibe.html BMW causes more controversy with latest ‘woke’ and… – /money/cars/article-9138079/BMW-causes-controversy-woke-expletive-laden-promo-video.html The Nio ET7 is an electric family car from China that costs… – /money/cars/article-9138177/Electric-Nio-ET7-family-car-cost-60k-620-miles-charge.html Share this article Share
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