How many retail jobs are at risk if shops remain closed in July?

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Approximately 600,000 retail jobs are at risk if shops remain closed in July.

Retailers are facing a critical juncture, with projections indicating that a significant portion of the workforce could be impacted if businesses are unable to reopen by July 2021. This scenario follows substantial existing closures and layoffs within the sector over the preceding 16 months.
Existing Closures and Layoffs

Prior to the potential further closures, 20 to 30 per cent of shops within malls had already ceased operations. This has resulted in the layoff of 30 per cent of the retail workforce, a figure representing approximately 300,000 personnel.
Projected Future Closures

Industry groups have warned that if malls and retail outlets, including street-front businesses, are not permitted to reopen by the beginning of July 2021, an additional 50 per cent of the remaining businesses may close permanently. This would place a substantial number of employees at risk.
Total Jobs at Risk

Considering the 300,000 jobs already lost and the potential closure of another 50 per cent of remaining businesses, the total number of retail jobs at risk could approach 600,000. This is based on the initial 300,000 layoffs and the projected impact on the remaining businesses, which would likely involve a similar magnitude of job losses.

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How many retail jobs are at risk if shops remain closed in July?

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