10% of retail demand might be lost forever
Pedestrians pass in front of a Macy’s Inc. store in the Midtown neighborhood of New York, U.S., on Friday, March 20, 2020.
Gabby Jones | Bloomberg | Getty Images
The coronavirus pandemic is sure to leave many lasting effects on the retail industry, including bankruptcies, store closures and layoffs.
It could also mean a healthy fraction of consumer demand for clothes and shoes is lost…
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