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April 5, 2021

Almost 190,000 retail jobs lost in UK since first Covid-19 induced lockdown in 2020

Nearly 190,000 retail jobs have been lost in the UK between the commencement of the Covid-19 induced first lockdown on 23 March 2020 and 31 March this year, according to a new data from Centre for Retail Research.

Nearly 190,000 retail jobs have been lost in the UK between the commencement of the Covid-19 induced first lockdown on 23 March 2020 and 31 March this year, according to a new data from Centre for Retail Research.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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Of the 188,685 jobs, 83,725 jobs were lost as major retailers fell into administration, while 11,986 jobs were axed due to company voluntary arrangement (CVA) restructuring processes.

Furthermore, 92,974 jobs were lost due to rationalisation programmes undertaken by supermarkets chains.

Besides the job loses, the pandemic has resulted in the closure of 15,153 stores across the UK.

This data comes as England prepares to reopen non-essential shops on 12 April following lengthy lockdown due to the Covid-19 pandemic.

Non-essential stores will open alongside hairdressers, gyms and outdoor hospitality.

In Scotland, retail stores started reopening in a phased manner from today, starting with homeware shops.

Last week, the Government of Wales announced plans to reopen all remaining shops in the country from 12 April.

Late last month, trade association British Retail Consortium (BRC), urged the country’s government to preserve retail jobs.

According to the data reported by the Office for National Statistics (ONS), retail jobs in the UK have fallen by 67,000 year-on-year to 3.1 million.

There are currently 600,000 retail workers being supported by the government’s furlough scheme, compared with 200,000 in December 2020.

 

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.