ACS Covid-19 Impact Survey Reveals How Stores Have Adapted Since Lockdown
Posted on in Business News , Cycles News
Association of Convenience Stores (ACS) have revealed the challenges faced by retailers and colleagues since the lockdown, and the changes that they have made in store to keep their communities going.
ACS are a member of the Independent Retailers Confederation (IRC), a well-established organisation representing c.100,000 independent retailers throughout the UK.
The ACS Covid-19 Impact Survey shows that while two thirds of essential stores have seen sales increase in the last two months, a third have seen a fall in sales with 26% reporting that sales have fallen significantly.
Forecourts, city centre stores and those near transport hubs are the most likely to have been negatively affected, with neighbourhood and rural stores likely to have seen an increase in sales.
The survey highlights the work that retailers have done to adapt their businesses since the start of the lockdown. Home delivery has been a huge growth area for the sector, with 62% of stores now providing some form of delivery service.
Additional key findings from the report include:
- 37% of retailers report that supply into their stores has been impacted to a very large extent
- More than half of stores (56%) offer ‘card not present' transactions, enabling volunteers to shop for vulnerable people locally
- Just 4% of retailers have received a loan through the Coronavirus Business Interruption Loan Scheme
- Violence and verbal abuse has increased in 40% of stores
The ACS Covid-19 Impact Survey was carried out between 13th April and 1st May and includes a sample representing 4,896 stores. For more information on the full survey, please visit acs.org.uk.