The Impact of the Corona Pandemic on Retail in Inner Cities
Abstract The coronavirus pandemic affects all sectors of the economy. The sector hardest hit by closures, restrictions and a changing consumer behavior is the inner-city retail. In fact, the frequency of passers-by and, therefore, potential customers in selected cities declined dramatically. The sta...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-04-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3153-0 |
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| Summary: | Abstract The coronavirus pandemic affects all sectors of the economy. The sector hardest hit by closures, restrictions and a changing consumer behavior is the inner-city retail. In fact, the frequency of passers-by and, therefore, potential customers in selected cities declined dramatically. The statistical sales figures that also include online retail and food retailers do not adequately represent the negative effects. A closer look at inner-city retail areas reveals that despite increased use of e-commerce channels, sales are still below the pre-corona level. Also, some areas of inner-city retail benefit, while others have lost dramatically. Therefore, triggered business failures can negatively affect the attractiveness of downtown as a whole and correspondingly, the areas that have been able to master the crisis in inner cities will also lose customers and turnover. |
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| ISSN: | 1613-978X |