After the UK’s retail and hospitality sectors reopened, there were hopes that the damage economically due to the coronavirus pandemic would be reduced.
According to data, as much as 29 percent of the English High Street shops haven’t been able to reopen after the relaxation of lockdown. In some areas, that exceeds as much as 54 percent.
Unfortunately, the findings are showing that many have lost their jobs due to the lockdown. Restaurants and shops have announced closures and great regions of London are lying quietly waiting for life to resume.
Per the University of Oxford, coronavirus has greatly impacted the footfall on the shopping region on High Streets as they’ve struggled to return to their pre-lockdown levels. Visitors to the innercity have been halved as of the start of August. Thankfully, tourists have aided the boost to the economy in many of the seaside towns however, there are still many shops that have had to face closure due to the virus.
Many of the areas have relied on the tourist trade to help keep them in business, however, many are more affected by the stay-at-home orders on the local level. Fleet market.
Researchers were able to determine which areas and sectors were the hardest hit between July 10th and 20th by counting the number of businesses that were open. Many sectors were struggling to regain their footing after the lockdown due to the pandemic.
The commercial region of Manchester in Spinningfields is home to the crown court of Manchester. Banks like Barclay’s and HSBC as well as many other businesses have been greatly impacted by the pandemic.
Sale, Greater Manchester
By contrast, the commuter town of Manchester’s Sale, reopened at a rate of 88 percent on July 20th. This helped to bolster the economy as there were more local shops that were open and able to be visited. This points us to the fact that this community visits their local establishments and bolsters the local economy.
The inner-city of London is also suffering just as much as Manchester. Per research from the data company showing that the central area of London has a lower reopening rate and that the areas further out have greatly benefitted from those who have stayed at home and enjoyed local shopping.
Ealing is a zone 2 area that is home to a lot of commuters. They also enjoyed an 88 percent reopening rate on the 17th of July. This is in comparison to Earl’s Court. Just nine stops from Ealing Broadway, there were as many as 41 percent of the shops that were yet to reopen.
St. Ives, Cornwall
Per the data from Oxford, the Covid-19 Impact Monitor has shown that they’re enjoying nearly three times the visitors in St. Ives as they had in March. However, this rise in tourism shows that people are still using a staycation vs travel. Many of the shops have yet to reopen after the relaxation of the restrictions.
Further proving that the local communities are vital to help the region bounce back, the northwest market town Kendal had a stronger reopening rate with an 87 percent showing up to shop the region on July 17.
Lucy Stainton, the head of retail and strategic partnerships stated: “there is further evidence via our initial research showing that there is a contrast between the different locations where people live and work”. She went on to state, “This may be in part unsurprising due to the fact that many office workers are opting to remain at home thus decimating the footfall in the inner city locations.”