Some Retailers Will Be Hurt By The Economic Recovery - News Summed Up

Some Retailers Will Be Hurt By The Economic Recovery


Father building playhouse for his daughter, gettyDIY painting gettyThe economic recovery that arises from Covid vaccination will bring relief to some retailers, but what about those whose sales grew during the pandemic? Will they enjoy permanently higher sales, or return to normal, or will they learn that their 2020 sales gains were simply borrowing from the future? Only one is likely to continue with increased sales, five will return to normal sales, and a couple will suffer in the future. Sectors that will return to normal begin with car dealers, whose sales rose 9.3 percent from February through October, seasonally adjusted. After the economic recovery, sales in this sector will return to normal.


Source: Forbes December 19, 2020 12:22 UTC



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