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,  ,