Greater Sydney stay-at-home order a $2 billion blow for retailers

Saturday 26 June 2021

Around $2 billion dollars is set to be lost in retail trade as a result of the two-week stay-at-home order for Greater Sydney, the Blue Mountains, Central Coast and Wollongong announced today by the NSW Government.

Australian Retailers Association (ARA) CEO Paul Zahra said whilst today’s announcement is a bitter blow for business, we appreciate the NSW Government’s advice that a broader stay-at-home order is now the appropriate action to take given the growing Covid-19 case numbers.

“The Covid situation has evolved rapidly in recent days, and we’ve reached a point where the NSW Government has deemed an extension of the stay-at-home order is now the only solution to curb the growing case numbers in the community,” Mr Zahra said.

“Whilst the NSW Government has done an admirable job keeping the state economy open throughout the pandemic, the latest outbreak is of great concern, and we respect today’s decision.

“However, we can’t ignore the fact that today’s announcement is a devastating blow for retailers, in particular small businesses who were already struggling due to the ongoing Covid impacts. The restrictions will result in around $2 billion in lost retail trade. While some businesses can still open, with the consumer restrictions in place, there simply won’t be the usual number of people out shopping.

“The NSW Government has indicated there will be measures in place from the State and the Commonwealth to support businesses affected by the restrictions. We look forward to seeing those support measures available as soon as possible. Without a safety net like JobKeeper and with consumer confidence severely impacted, many small businesses will be pushed to breaking point.

“The vaccine rollout is critical to ensure we avoid further instances of lockdowns and restrictions.”

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