What can we expect from 2021?
The retail industry entered the new year carrying the (hugely) disruptive burdens of 2020: Covid-19, the start of a recession, various business restructures and administrations and, if that wasn’t enough, Brexit.
With the UK in its third national lockdown in less than ten months, it is difficult to see how the retail industry will bounce back this year, even given the enormity and pace of the vaccine rollout programme.
Taking that sceptical stance, The Centre for Retail Research has estimated that by the end of 2021, retail sales will be lower than they were in 2019. However, it does predict that sales should recover to their usual level by 2022.
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