Retail Recovery–Our Ship Could Sail In May
Apr 08, 2020
While we wait to re-open business, retail must continue to agressively bargain. We are clearly in a new place, with 1 million of our retail partners furloughed and most fashion doors shuttered, times are tough. The federal government has issued a useful stimulus package that includes $349 billion in small business loans (with upwards of $250 billion to be potentially added to the base amount), $500 billion of larger loans, and a $15 billion as a tax incentive for retailers who have renovated. All things considered, this will be very helpful, but it may not yet be enough to save the day. Time will tell. Read more at Forbes.