Premier Investments and Lovisa are set to feel the sting of UK lockdown provisions.

British Prime Minister Boris Johnson has announced the temporary closure of all non-essential stores, including clothing retailers.

Solomon Lew's Premier Investments, which operates brands such as Portmans and Dotti, could take a revenue hit during the three-week minimum period.

The Group operates its Smiggle chain in the market, with 145 stores in the UK.

According to analysts at Morgan Stanley, these stores represent 40% of total locations and account for 10% of Premier Investments' revenue.

Australian accessories chain Lovisa is also exposed, with 42 locations in the market representing 11% of total stores.

UK revenue accounts for 10-15% of group revenue - and has been cited as a key growth market for a gloabl store rollout.

Morgan Stanley analysts estimate around 30% of Lovisa's global store network is now closed due to COVID-19 pandemic restrictions.

In assessing the broader implications, Morgan Stanley warned it could be a precursor to what happens in Australia.

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