Very few retailers are going to walk away from 2020 unscathed.
Retail as an industry entered the year with a strong consumer, low unemployment and a general good feeling in the economy. Of course there were concerns and spots of pain. Even Walmart and Target posted lackluster fourth quarter numbers. Others had a much worse Q4 or stumbled into the year already surrounded by bankruptcy speculation.
Now the world is upside down, with tens of thousands of stores temporarily shut across the country, a pandemic keeping everybody in their homes and the possibility of deep recession looming.. . . more