Stimulus Doubts Stoke Uncertainty For Shoppers, Retailers Just As Holiday Season Begins
Oct 08, 2020
“Disaster” is one word being used to describe the potential fallout for the retail sector from on-again, off-again economic stimulus talks in Washington, D.C. “A total retail disaster is unfolding before our eyes that is completely avoidable,” Andy Polk, a senior vice president at footwear industry trade group FDRA, told CNBC. “It is not an overstatement to say that pushing out any stimulus package until after the election is a disaster and may cause a shoe retail collapse again, both in terms of crashing sales and retail job losses at shoe stores going into the holiday season,” he said. Read more at CNBC.
