Why Is European Retail Recovering Nicely While U.S. Stores Continue To Struggle From COVID?
Aug 10, 2020
If you want to see how the retailing industry would be performing in the United States right now if there had been a national, intelligent and consistent approach to dealing with the Covid-19 pandemic, just take a look at Europe. While American retailers continue to struggle to get back up to speed and get shoppers to return to their physical stores, retail sales in the Eurozone countries have returned to year-ago levels and in fact are beating them. According to new results just released by Eurostat, retail sales in the zone — 19 nations encompassing western Europe and some countries in the eastern portion of the continent — were up 1.3 percent over a year ago when nobody ever heard of coronavirus. Read more at Forbes.
