Businesses have suffered huge blows during the covid19 shutdown. Retail businesses have suffered even more blows with many stores having to shutdown.
A lot of stores have had to shutdown in compliance with the government covid19 shutdown regulations. This is of course concerning for the economy. What is more concerning is the 21 519 people who lost their jobs as of March 2020. No doubt these numbers have grown since then.
The shutdown has drawn a lot of needed scrutiny into the inequalities created by a profit oriented system. While some are fortunate to be able to stock up and stay safely in their homes, others are left with ever growing concerns.
Will the food last their families through the shutdown? How will the shutdown affect the rest of the job market and in turn affect the availability of jobs?
These are questions that we cannot fully answer yet. As the government is starting to restrict restrictions and opening up the economy, it is curious how things will never really go back to how they were.
The retail consumer market will surely feel the effects of this the most. Stores that did not sell essential goods had to be the first to shut down, and other businesses followed suit as time went by.
There is a major realisation, even for small businesses, that the internet is where key survival is. Making deliveries and coming up with creative ways to create relationships between businesses and consumers is important for any business.
Here is a list of some businesses that have shutdown its doors during the covid19 shutdown:
- John Lewis
- Arcadia Group (Topshop, Topman, Dorothy Perkins, Burton, Miss Selfridge, Wallis, Evans)
- New Look
- River Island
- H&M Group (Weekday, Arket, Monki, Cos, H&M Home, & Other Stories, H&M)
- Inditex (Zara, Bershka, Stradivarius, Pull & Bear, Massimo Dutti, Zara Home)
- The British Heart Foundation
- Abercrombie & Fitch
- Calvin Klein
- Sweaty Betty