The British retail sector is threatening to lose 400,000 jobs

The retail sector in Britain is at risk of losing about 400,000 jobs, due to the ongoing closure resulting from the spread of the Corona epidemic.

According to Arabiya Net, a report issued by the consulting firm (KPMG) confirmed that many markets are likely to suffer after the end of the epidemic from the continuation of the blow they took, with Up to 40% of retail stores are in danger of closing.

The report identified a series of British cities and towns as being most at risk of job cuts, with Bracknell, a town in Berkshire in southeast England, topping a list of 109 Areas analyzed as most at risk of losing hash functions.

and the report says that job bleeding in Britain is expected to continue due to the boom in online shopping, further reducing the logic of many potential consumers to visit retail centers Local.

The report notes that many offices and buildings will find themselves empty in the coming months, with many businesses turning into homes instead of offices, indicating - for example - To Bracknell, which is one of the areas hardest hit by lost trade, about 27.4% of office work in that area is likely to be done from home.

But on the other hand, the new report indicates that the major cities have a clear advantage compared to many cities in their sports, cultural and entertainment offerings.

The KPMG report said: Cities such as London, Liverpool, Birmingham and Manchester are benefiting from strong cultural offerings that partly compensate for the loss in passenger traffic and retail outlets on main streets.

The report added that the size of London made parts of the city at risk, pointing to the gap between cultural offerings in regions without others, which will make the impact vary from one region to another.

and continued: It is unlikely that the strength of the cultural facilities on display in one part of the city will compensate for the loss of clients in a different part, which may test the resilience of some parts of London.

said Yael Sylvain, chief economist at KMPG UK: The challenge for the government, as it shifted its focus to the settlement agenda, is to integrate the changes brought about by the epidemic into Its strategy.