AROUND half of Benidorm’s shops will be closed over the next few months according to the Independent Association of Benidorm Merchants(Aico).
The group also says that around 200 retailers in the city have decided to cease trading this month either on a permanent or temporary basis.
Low foot-fall caused by a drop in tourists and less money to spend by local residents has led to the shutters being pulled down.
Aico president, Raul Parra, said: “The situation for traders is very bad and things will get worse, especially if travel restrictions are put into place between Spanish regions.”
Unsurprisingly the ‘English Zone’ around the Rincon de Loix has taken the biggest hit, but closures have been noted right across the city’s main shopping areas.
“I believe that over the coming months, only about 50 per cent of shops will stay afloat,” Parra added.
Fashion, gift stores, footwear retailers, and jewellery shops have suffered the most, but some smaller grocery stores have also closed.
The big question is how many businesses will reopen in 2021 after turnover fell by an average of 60 per cent this year due to the coronavirus pandemic.