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M - Will the Coronavirus Finish What the Retail Apocalypse Started With Department Stores?
Macy's Inc
A retail sector already hobbled by falling sales, lower customer traffic, and too many stores is now on the verge of being pushed over the edge.
The coronavirus pandemic, which has shut down all nonessential business (a category into which most retailers fit), may cause many of the weakest companies -- and possibly a few more that were financially borderline beforehand -- to turn off the lights for good.