Scotland

Scotland’s post-Christmas lockdown might price retailers £135m per week, SRC says – NewsEverything Scotland

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The Scotland-wide lockdown from Boxing Day will see retailers miss out on an estimated £135 million for every week they’re closed, the Scottish Retail Consortium has stated.

Nicola Sturgeon introduced all of mainland Scotland might be put underneath Stage four coronavirus restrictions on December 26 for not less than three weeks.

Non-essential retailers, eating places and pubs must shut whereas the restrictions are in place, though takeaway meals might be permitted.

READ MORE: Coronavirus Scotland: What are the brand new Covid Christmas guidelines in Scotland?

The First Minister additionally introduced a journey ban over the festive interval between Scotland and the remainder of the UK – and indoor gatherings will solely be allowed on Christmas Day for as much as eight folks from three households.

The SRC has estimated that the shutdown may see retailers miss out on £135 million in misplaced income every week throughout the traditionally-busy purchasing interval after Christmas.

David Lonsdale, the SRC director, known as for extra monetary assist for retailers and an extension of enterprise charges aid into 2021-22.

Mr Lonsdale stated: “We recognise that Authorities has troublesome choices to make and the scenario with the pandemic is fast-paced, however this massively disappointing news rounds off a torrid 12 months for Scottish retail and is an additional hammer-blow to non-food shops who’ve already borne a lot throughout this disaster.

“Retailers in Scotland have invested over £40 million up to now making shops Covid-secure for patrons and workers, and Sage’s recommendation has stated all through that closing non-essential retail has a minimal influence on the unfold of the virus.

READ MORE: Coronavirus Scotland: Nicola Sturgeon in Twitter plea to comply with Covid Christmas restrictions 

“The implications of this transfer could possibly be extreme. This determination comes solely every week after the top of the native lockdowns in west central Scotland and slap bang in the course of peak buying and selling which so many are relying on to energy their restoration and tide them over the leaner winter interval.

“Confronted with this news – and the prospect of dropping £135 million every week in revenues throughout the lockdown – many shops might be in critical problem.

“Many could possibly be lumbered with unsold pre-Christmas inventory which might be troublesome to shift within the absence of the standard Boxing Day and new 12 months discounted gross sales occasions, including to money movement woes.

“All of this may have implications for the survival of retailers, for retail jobs and the vitality of our retail locations.”

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