Retail, Restaurants Forever Changed Due To Pandemic
Media Post – 06/10/20
The vast majority of C-level executives in retail and restaurants companies (83%) believe that shopping and dining will never return to pre-pandemic models, according to a study.
As retail and restaurant chains develop their reopening strategies, executives may use this opportunity to cull unprofitable locations. Almost two-thirds (65%) of retailer and restaurant chains plan to reopen all their locations, 25% plan to open a portion of their locations and 10% don’t planto return to the brick and mortar channel at all, per Cambridge Retail Advisors. The company fielded an online COVID-19 Survey to primarily C-level executives at retail and restaurant organizations.
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