Clearly, the Covid-19 pandemic has impacted the retail sector more severely than any other. Many major retailers are halving their 2021 forecasts and closing store locations at a record pace. Those who have attempted to persevere have found fewer and fewer customers patronizing their stores. The actual number of retail locations closed during 2020 will likely not be known for some time. Every publication reports a different number ranging from a low in the 8,000s to more than 25,000. More reports come out almost daily.
Clearly, the Covid-19 pandemic has impacted the retail sector more severely than any other. Many major retailers are halving their 2021 forecasts and closing store locations at a record pace. Those who have attempted to persevere have found fewer and fewer customers patronizing their stores. The actual number of retail locations closed during 2020 will likely not be known for some time. Every publication reports a different number ranging from a low in the 8,000s to more than 25,000. More reports come out almost daily.
Clearly, the Covid-19 pandemic has impacted the retail sector more severely than any other. Many major retailers are halving their 2021 forecasts and closing store locations at a record pace. Those who have attempted to persevere have found fewer and fewer customers patronizing their stores. The actual number of retail locations closed during 2020 will likely not be known for some time. Every publication reports a different number ranging from a low in the 8,000s to more than 25,000. More reports come out almost daily.