Omicron slams UK retail recovery

Omicron slams UK retail recovery

LONDON: Restrictions imposed in the wake of the Omicron coronavirus variant have “wiped out” much of a recent recovery enjoyed by UK bricks-and-mortar stores, the British Retail Consortium revealed Friday. It comes as UK businesses and consumers face mounting fallout from surging inflation, including higher interest rates.

Much of the progress made in late 2021 “was wiped out in December as surging Omicron cases and new work-from-home advice deterred many from shopping in-store, particularly in towns and city centers”, said BRC chief executive Helen Dickinson. “Nevertheless, while UK footfall saw a moderate decline compared to previous months, it remained above levels of other major European economies, as the country avoided some of the more severe restrictions implemented elsewhere,” she added in a statement.

The number of shoppers visiting UK stores slid 18.6 percent in December compared with two years earlier, or before the onset of the coronavirus pandemic, according to the BRC.

“December footfall capped a challenging year for brick-and-mortar stores, which saw footfall down one-third on pre-pandemic levels,” Dickinson added.

Soaring virus cases

The UK, already among the worst hit countries in Europe by the pandemic with a virus death toll of nearly 150,000, has seen a fresh surge in cases owing to the