"There's no doubt that the UK's retail and leisure industries have entered unchartered territory due to Covid-19, with the implications of the virus and the necessary containment measures impacting the sector in a way we have never experienced before."

"How will new measures to help mitigate the financial impact of coronavirus work?"

"The effects of the pandemic then spill over to consumption through potential retrenchments, pay cuts, job insecurity and the avoidance of public places. Therefore, we say that for this year’s Chinese New Year festive period, sales at retail stores and restaurants would likely have come in below expectations as many avoided visiting malls and cancelled dining reservations."