UK Retailers Facing Lockdown & “Non-essential eCommerce”

Thursday, April 16th, 2020

On March 23, 2020, the non-essential retail stores in the UK stopped their operation as the government had ordered. Grocery stores, pharmacies, and funeral homes could be left open. Now, UK retailers are under fire for non-essential eCommerce. Let’s have a look at the consequences and see who can help you with the most-suitable eCommerce merchant account for your business.

UK Lockdown for Merchants: eCommerce Merchant Account

UK retailers well understood the need for the government to take quick and decisive measures to protect public health and fight the pandemic. As of April 15, 2020, the lockdown has affected about 70% of non-food retailing in the country.

Are you among the merchants having suffered from the lockdown? Do you need help with merchant services? An exceptional merchant-services comparison specialist like BestPaymentProviders.co.uk can make things easier for you.

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The Impact of the Lockdown

As you could expect, Jeff Bezos has become wealthier. As of April 15, 2020, he’s become wealthier by $24 billion.

What about the situation in the UK? Well, 34 non-food retailers were studied in the country. The results show that 5 out of the 34 big non-food retailers surveyed have ended up with negative cash flow at the outbreak of COVID-19.

A group of retailers have already suffered, including Debenhams. Others have been trying to find a way out or work out how to go on operating during the lockdown. For example, fashion-retailer Next reopened its website after it’s been closed for 2 weeks.

So, the government ordered that all non-essential shops had to stop their operation on March 23, 2020, so to overcome the coronavirus crisis. However, food retailers and pharmacies were allowed to go on operating. Now, after the hardest times are left behind, studies show that UK retailers have ended up with decreased sales as a result.