Temporary government-mandated store closures and social-distancing measures have intensified challenges that bricks-and-mortar retailers had faced before the pandemic, according to BDO. Consumers stuck at home are buying more online than ever, with rising internet sales expected to partially offset losses from physical stores, the report said.
That trend has put more pressure on bricks-and-mortar locations, compounded by excessive debt, store saturation, high unemployment and changing shopper behaviors. In particular, demand has cratered for business attire and outfits for social occasions—weddings, graduations and other milestones. “This is almost certainly the worst year in recent history for retail,” said Kyle Sturgeon, a managing partner at Atlanta-based turnaround advisory firm Meru LLC.
My JC Penney here on Long Island, was closing! I went to go shopping, and to see the prices, and was told they aren’t closing. It’s my mothers favorite store, so she was thrilled!
It's almost as if it seems like these businesses are totally reliant on customers having enough money to spend and consequently not die if they do so.
But Amazon wants you to believe they are helping.......crushing small businesses
Top pollster tells me NBC/WSJ poll is Biden 14+, BUT sample is 46%Dem, 35%Rep! 2 other polls, IBD and Zogby, Biden 3+, their samples are 38%D, 34%R. NBC poll was fixed, race is tight! Hey