UK retailers fall in droves but those who remain face less competition

A Boots pharmacy on Oxford Street in London, the UK. Picture: SIMON DAWSON/BLOOMBERG

Further pain had been expected for Britain’s shopping malls and high streets amid the pandemic. Though some shoppers are returning, mostly to retail parks, June footfall was down 57% year on year, according to data provider Springboard. As for Boots, the chain has suffered from a slump in sales of high-margin beauty and fragrance products, but most of its stores remained open during the lockdown while the government forced the closure of non-essential shops.

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