Growth forecasts for retail sales pre and post-Coronavirus in the UK 2020, by sector

The coronavirus pandemic has caused massive shocks to the global economy and dampened previously projected growth scenarios worldwide. According to a recent study, in the United Kingdom (UK) the coronavirus crisis is likely to negatively impact annual retail sales greatly with the exception of food retail. The revised forecasts indicate that while food and grocery retail is expected to grow by 7.5 billion on the original 2020 forecasts, clothing and footwear retailers will suffer a loss of about 13 billion British pounds in their annual sales.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Comparison of pre and post-coronavirus forecasts for annual retail sales in the United Kingdom (UK) in 2020 (in billion GBP), by sector

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Sources

Release date

April 2020

Region

United Kingdom

Survey time period

2020

Special properties

UK retailers

Supplementary notes

The source(s) made the following note regarding the forecasts: "[O]ur working assumption is for a period of significant disruption until late May, with non-food spending beginning to recover in June but not returning to long-run historic levels until early 2021."

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Statistics on "Coronavirus: impact on the retail industry in the UK"

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