Tuesday, March 24, 2020

COVID-19 has split impact on retail performance

Chain Store Age
COVID-19 is having a negative impact on sales for some retailers and is a boon for others.

Chain Store Age conducted a survey online from March 19-22 asking retailers about how the ongoing COVID-19 pandemic is disrupting retail workflows throughout the enterprise. A leading 39% of respondents said it has had a negative impact on sales. However, a combined 38% reported the virus has been a “goldmine” (18%) or created significant uptick (20%). . . . more