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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| Format: | Article |
| Language: | deu |
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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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| author | Henry Goecke Christian Rusche |
| author_facet | Henry Goecke Christian Rusche |
| author_sort | Henry Goecke |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-8719031c3e7041b1866ff27260a39729 |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-04-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-8719031c3e7041b1866ff27260a397292025-02-03T01:57:09ZdeuSciendoWirtschaftsdienst1613-978X2022-04-01102429830210.1007/s10273-022-3153-0The Impact of the Corona Pandemic on Retail in Inner CitiesHenry Goecke0Christian Rusche1Forschungsgruppe Big Data Analytics, Institut der deutschen Wirtschaft Köln e.V.Institut der deutschen Wirtschaft Köln e.V.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.https://doi.org/10.1007/s10273-022-3153-0 |
| spellingShingle | Henry Goecke Christian Rusche The Impact of the Corona Pandemic on Retail in Inner Cities Wirtschaftsdienst |
| title | The Impact of the Corona Pandemic on Retail in Inner Cities |
| title_full | The Impact of the Corona Pandemic on Retail in Inner Cities |
| title_fullStr | The Impact of the Corona Pandemic on Retail in Inner Cities |
| title_full_unstemmed | The Impact of the Corona Pandemic on Retail in Inner Cities |
| title_short | The Impact of the Corona Pandemic on Retail in Inner Cities |
| title_sort | impact of the corona pandemic on retail in inner cities |
| url | https://doi.org/10.1007/s10273-022-3153-0 |
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