4 Reasons Retail In The U.S. Won’t Be Bouncing Back Like In China
While America’s retail industry is looking to China for clues about how shoppers are rebounding from the coronavirus pandemic, there are shortcomings to using the region as a blueprint for the U.S. The spread of Covid-19 — which originated in Wuhan, the capital city of Hubei province — has forced bricks-and-mortar shops across the globe to shut down and put millions of people in the retail industry out of work. As of Thursday morning, there have been more than 2.6 million cases reported globally, according to the latest data from Johns Hopkins University. In China, already, the consumer “is back with a vengeance,” Coresight Research Chief Executive and founder Deborah Weinswig said in an interview. “There is a pent-up demand.” Read more at CNBC.
