Dutch retail suffers more than two billion euros in losses due to lockdown

The “click and collect” options for non-essential shops in the Netherlands are not sufficient to steer businesses away from this large sum โ€” so the cabinet is urged to take quick action.

The Dutch industry organization INretail calculated estimated losses after almost three weeks of lockdown and the numbers are catastrophic (with nine zeros), to say the least.

More than two BILLION euros are being looked at as the estimate of losses to shops and the retail industry since the country was put on lockdown mode on December 19, reports AD. ๐Ÿคฏ

“The eager public likes to spend the euros in the Dutch retail sector, but is now letting it roll over the border,โ€ comments INretail regarding the latest flocks of Dutch shoppers hitting Belgian markets.

Multilayerd issue

These losses are apparently not limited to shoppers not spending their money in the Dutch market. The restrictions also left a social impact on the economy as people can’t work in retail anymore.

“The sector employs almost 350,000 people. The entrepreneurs who have all these people on the payroll are extremely concerned about the future,” explains INretail.

Proposals

Currently, MBK-Nederland, the Council of Dutch Retail (RND) alongside INretail are all taking a stand in favour of relaxing the “too strict” of measures after January 14.

“We are already dealing with a billion-dollar noose, just calculate what the damage will be if the lockdown lasts even longer than mid-January. Please open those stores again. If necessary with the introduction of a QR check on arrival,” urges INretail director Jan Meerman.

Meanwhile, RND director Eus Peters plans to meet with the new Dutch cabinet next week to discuss possible conditions and solutions for the shops reopening.

What do you think of the organizations’ arguments in light of the economical losses? Tell us in the comments below!

Feature Image: Weigerwaardenberg/Pixabay

Farah Al Mazouni ๐Ÿ‡ธ๐Ÿ‡พ ๐Ÿ‡บ๐Ÿ‡ธ
Farah believes she's been on many adventures during her millennial life, each for a different (sometimes invisible) purpose. The latest adventure whisked her away to Amsterdam for love, and what a magical surprise she found in this city. Armed with imaginary confetti in her pocket, and ready to celebrate all wins, big and small, Farah says "ahla w sahla" or โ€œwelcomeโ€ to her latest adventure in this wonderland.

1 COMMENT

  1. Thรฉ question to ask is how much cost to extend IC beds and make available places vs how much economy lost with the lockdown ? Simple calculation shows billions wasted in lockdown while itโ€™s easy to invest in new hospitals to be built .

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