While Amazon, Walmart and a handful of other operators have the chance to emerge from the crisis in a stronger position thanks to a boom in online deliveries and the rush for household essentials, much of the rest of the sector is facing a historic crunch. With the National Retail Federation calculating that $430bn in industry revenues could evaporate over the next three months, the question is how many of them will reopen. In response to the crisis, retailers such as Victoria’s Secret owner L Brands are furloughing workers. Read More...
While Amazon, Walmart and a handful of other operators have the chance to emerge from the crisis in a stronger position thanks to a boom in online deliveries and the rush for household essentials, much of the rest of the sector is facing a historic crunch. With the National Retail Federation calculating that $430bn in industry revenues could evaporate over the next three months, the question is how many of them will reopen. In response to the crisis, retailers such as Victoria’s Secret owner L Brands are furloughing workers.
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