Will Retail Renew Post Covid-19?
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The Financial Times reports that almost 630,000 retail outlets in the US have been forced to close due to Covid-19 fears. As further shutdowns are implemented across the US and people are staying home, there is little to no income coming in for non-essential retailers.
The National Retail Federation calculates that the industry could lose $430 billion in revenues over the next three months.
How many stores will be able to reopen if and when the crisis passes?
Produced by: Shazana Mokhtar
Presented by: Roshan Kanesan, Noelle Lim, Khoo Hsu Chuang
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Categories: Fashion, Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, Investments
Tags: US Retail, Retail Stores, Consumer Sector, COVID-19, US Stimulus, Bankruptcy, ,