Monday, March 30, 2020

US retailers teeter on the brink as 630,000 outlets close

Boston Business Journal
Few businesses are in greater need of emergency cash than retailers, yet the $2.2tn US stimulus bill is unlikely to prevent bricks and mortar chains hardest hit by the coronavirus shutdown from going to the wall.

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.. . . more