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Insider UK
Insider UK
Business
Peter A Walker

Pandemic costs retailers £5.8 billion in lost sales

Analysis by the Scottish Retail Consortium (SRC) estimates shops in Scotland have missed out on £5.8bn of retail sales during the past two years of the pandemic.

The analysis, using Scottish Government and SRC data, shows the scale of the retail sales and revenues that have been lost compared to the year prior to the coronavirus crisis starting.

Separate figures published earlier this week by SRC and KPMG showed retail sales in Scotland have yet to climb their way back to pre-pandemic levels. Shopper footfall was down 23% in December, with one in six shops lying vacant.

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