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The Christmas disaster in the High Street worth 8 billion pounds: Unimportant businesses prepare for devastating losses


Corporations are preparing today for four weeks during which they will burn billions during England's second national lockdown.

Thousands of bosses and employees of non-essential stores, pubs, restaurants and gyms awaken to a familiar sense of insecurity after being instructed to close until at least December 2nd.

Ministers have been warned that shuttered retailers will lose £ 8 billion this month in what is usually the critical "golden quarter" of Christmas sales.

Chancellor Rishi Sunak has extended the vacation program in fears of a job bloodbath, but the industry says many smaller businesses still struggling with rents and overheads could go to the wall.

Boris Johnson hopes to ease restrictions by the December 2nd expiration date, despite senior ministers having suggested extending them.

Business leaders from sectors that had to close today expressed concern about the damage to the economy.

People shopping in Derby city center yesterday, in front of the England national lock

Next up is England: an abandoned high street in Wales with a fire barrier that closes all non-essential retail stores

Next up is England: an abandoned high street in Wales with a fire barrier closing all non-essential retail stores

The UK retail consortium has estimated that non-essential retailers forced to close will lose a total of £ 2 billion a week during the lockdown.

Tom Ironside, director of policy, said this morning that the next four weeks will be "extremely difficult" for many businesses.

He told BBC Radio 4's Today program: “You (the government) have decided that some types of retailers, supermarkets and pharmacies can trade, and that's right, but we think some of the restrictions are really quite arbitrary.

& # 39; The timing of this lockdown is clearly extremely difficult for retailers. For many retailers, this is the golden quarter and it is extremely difficult to lose a month of sales during this period.

"We estimate those not classified as essential will lose 2 billion pounds a week during this new lockdown."

The bosses are facing a new round of restrictions, different from the lockdown last spring.

Retailers classified as non-essential were expanded to include household goods stores, clothing and bookstores.

Joe Wykes, chief operating officer of Bensons For Beds, said the company had strengthened its online sales system, but that would not make up for the losses caused by the decline in traffic to physical stores.

People outside in Leeds city center, facing a national ban on England from Thursday. The night owls gathered before the restrictions in force

People outside in Leeds city center, facing a national ban on England from Thursday. The night owls gathered in front of the restrictions in force

High Street Bloodbath: More than 9,500 jobs at risk

More than 9,500 jobs were at risk at some of the biggest high street names when England is locked again today.

John Lewis cut another 1,500 jobs yesterday, cutting the 1,300 when eight stores were permanently closed in July.

Lloyds Bank will lay off 1,070 employees in addition to the 865 employees at the start of the pandemic.

And Sainsbury confirmed this morning that some 3,500 jobs will be cut in its Argos stores and supermarket meat, fish and deli counters.

Meanwhile, Clarks Shoes announced the jobs of all 4,000 employees in the store as part of their struggle for survival.

He said: “We have invested heavily in our online business and we hope to see robust trading, but our sales will inevitably take a hit as our online sales can never replace physical sales altogether.

When asked if the company fears the lockdown will be extended after December 2nd, he said, “This is certainly a problem. In the household time industry, the main Christmas period after Christmas through January is critical to our sales. Therefore, we remain very vigilant that the lockdown does not & # 39; not extend beyond December. & # 39;

The gyms were one of the last to reopen during the initial lockdown and didn't reopen until July 25th.

The bosses insist they have since tried very hard to make their gyms Covid-proof and complain about being told to close again.

Humphrey Cobbold, executive director of Pure Gym, said that gyms should be classified as "essential" because exercise is fundamental.

He said this morning, “We believe that gyms are essential to the health of the country at a time of health crisis. We consider this an extremely unfortunate decision that the government made a regressive decision to have made.

"We see very little evidence of gym transmission of the virus and very little evidence of gym transmission in the PHE data."

& # 39; Our operating cash burn rate will be roughly £ 4 million a week, roughly a half a million pounds a day.

& # 39; Many players in our industry will be on the sidelines and very afraid of the future. This is a problem for the nation's long-term health. We urge the government to look into the future of these gyms long term. & # 39;

More than 9,500 jobs at some of the biggest high street names were put at risk when England was banned.

John Lewis cut another 1,500 jobs yesterday, cutting the 1,300 when eight stores were permanently closed in July.

Lloyds Bank announced that it would lay off 1,070 employees in addition to the 865 at the start of the pandemic.

And Sainsbury & # 39; s has confirmed that around 3,500 jobs will be cut in its Argos stores and supermarket meat, fish and deli counters.

As part of its struggle for survival, the Clarks shoe store has also announced the jobs of all 4,000 employees in its store.

It came when Marks & Spencer reported its first loss in 94 years as a public company.

M&S, which has already cut 8,000 employees since March, has suffered from the large stores, while many of its smaller food halls are located in now empty train stations and airports.

Sunak is due to make a statement to the Commons that he is expected to extend the government's vacation program

Mr Sunak was due to make a statement in the House of Commons today to extend the 80 percent vacation program for affected companies beyond November.

Meanwhile, the Prime Minister has been warned by a group of Conservative MPs from the north that they do not want their constituencies to be locked indefinitely.

Last night, a massive majority vote on the restrictions sailed through the Commons, which helped with votes from Labor MPs.

(tagsToTranslate) Dailymail (t) Nachrichten (t) Christmas (t) Coronavirus Lockdowns (t) Rishi Sunak