have suggested that coronavirus may lower their revenues in Q1 2020, the outbreak could hurt firms' performances well before the holidays.
Brick-and-mortar retail sales could be particularly at risk because consumers may avoid malls and stores due to coronavirus concerns. Almost 28% of US consumers are currently avoiding public areas or travel because of concerns about the coronavirus outbreak, and 58% said they'll avoid public areas or travel if the outbreak worsens in the US, according to a report from Coresight Research sent to Business Insider Intelligence.
And of those respondents that will avoid public areas and travel if the situation gets worse, 75% reported that they'll avoid shopping centers and malls and 53% said the same for shops in general. So, physical retail could see a significant drop in traffic and sales because of the outbreak, exacerbating the channel's The potential move away from physical retail could benefit e-commerce, but the channel will also need to contend with supply chain issues brought on by the coronavirus.
Online delivery could thrive if consumers eschew trips to stores, which might help popularize such services.
E-commerce faces potential negative impacts from the outbreak too because marketplaces that rely on third-party sellers may have trouble keeping some products in stock. Factory
Fake news- go to a Costco. Jammed
Again, real lazy stereotyping in reports with photos representing this outbreak--now that it has seized America. Subconscious racism or wilful ignorance?
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