Article 51DBE High street's survival under threat as lockdown hits stores

High street's survival under threat as lockdown hits stores

by
Phillip Inman
from Economics | The Guardian on (#51DBE)

Coronavirus could lead to permanent closure of struggling town shops, say analysts

Fears that many of Britain's high street shops will be forced to close down permanently despite the government's emergency support were fuelled yesterday after a string of retailers said the coronavirus outbreak could make their businesses unviable.

As the Restaurant Group said it would shut the majority of its Tex-Mex Chiquito restaurants for good, Swedish fashion retailer H&M threatened landlords that it would walk away from its 300-plus store leases if sales fail to match pre-coronavirus levels once the pandemic passes.

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