By Elizabeth Howcroft
LONDON (Reuters) – A rapid shift to online shopping in Britain due to COVID-19 has boosted retailers’ sales and share prices, even though footfall in high street shops remains well below pre-pandemic levels.
The half-a-trillion dollar retail industry suffered a near-fatal blow in March, when the United Kingdom enforced a lockdown to limit the spread of the virus.
But although one in 10 physical shops remain empty, meteoric gains in major online players have helped the MSCI’s UK retail index outperform the country’s benchmark FTSE 100 <.FTSE> by a huge margin.
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Among the star performers are online …
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