What Did 2020 Do To Retail?

One of the legacies of the 2020 pandemic and the resulting lockdowns is the long list of retailers who’ve filed for bankruptcy. In the United States, the list of causalities includes Lord & Taylor, Neiman Marcus, Pier One, Brooks Brothers, Sur La Table, Guitar Center, and Stein Mart. During this same period, as consumers have increased their reliance on online shopping, Amazon’s share price has risen from $1,900 to $3,160. Will the end of the pandemic bring a surge of business to retailers? Will online grocery shopping become the norm? Can anything slow Amazon’s path to world domination? To make sense of the long-term impact of the changes we’ve seen in 2020, Harvard Business Review spoke with Marc-Andre Kamel, a Paris-based partner who heads the global retail practice at Bain & Co. Read more at Harvard Business Review.