UAA - U.S. Retailers Work to Adapt to Coronavirus Closures
As government policymakers all over the U.S. have separately made decisions to close public schools and prohibit large gatherings, retailers have jumped on the bandwagon to temporarily close brick and mortar stores entirely or limit their hours of operation. As a result, e-commerce strength has never been as important as it is right now, as the U.S. and the global community deal with a public health crisis.
These retailers have already seen huge decreases in their share prices since COVID-19 hit U.S. shores. Will store closures hurt their revenue-building efforts even more than these companies were already expecting, or can they rely on e-commerce to make up some of the difference?
This is a partial list of publicly traded companies that announced store closures this week: