What if the pandemic and its associated
Posted: Wed Dec 18, 2024 5:17 am
While retail sales increased significantly in May 2020 compared to the previous month, the current situation is still lower than last year and earlier this year.
If laid-off workers in particular suddenly kenya phone number library risk their income for a single day, their budgets could be significantly reduced and the economic recovery could slow.
With the holiday season in mind, what can retailers do to keep people shopping in the event of a slow and sustained recovery? Ecommerce businesses should offer financing options from PayPal, Affirm, Klarna or similar services. Retailers should start promoting holiday programs now, helping gift givers spread out their holiday spending.
Worst case scenario: economic impacts are still with us during the holiday season?
The Scientific Committee has repeatedly said that the careless reopening of stores, restaurants, bars, and even some sporting events could lead to a resurgence of Covid-19 cases this fall. Additionally, as of June 2020, there has been an increase in the number of new Covid-19 cases reported daily.
With the holiday season approaching while global economies are still weak, how will retailers reduce costs to avoid losses? What kind of inventory position should merchants take? If e-commerce sales increase as shoppers avoid brick-and-mortar stores, shipping volumes will overwhelm package carriers and impact holiday deliveries!
Business owners and managers should start answering these questions now to assess how the coronavirus could impact holiday shopping:
If laid-off workers in particular suddenly kenya phone number library risk their income for a single day, their budgets could be significantly reduced and the economic recovery could slow.
With the holiday season in mind, what can retailers do to keep people shopping in the event of a slow and sustained recovery? Ecommerce businesses should offer financing options from PayPal, Affirm, Klarna or similar services. Retailers should start promoting holiday programs now, helping gift givers spread out their holiday spending.
Worst case scenario: economic impacts are still with us during the holiday season?
The Scientific Committee has repeatedly said that the careless reopening of stores, restaurants, bars, and even some sporting events could lead to a resurgence of Covid-19 cases this fall. Additionally, as of June 2020, there has been an increase in the number of new Covid-19 cases reported daily.
With the holiday season approaching while global economies are still weak, how will retailers reduce costs to avoid losses? What kind of inventory position should merchants take? If e-commerce sales increase as shoppers avoid brick-and-mortar stores, shipping volumes will overwhelm package carriers and impact holiday deliveries!
Business owners and managers should start answering these questions now to assess how the coronavirus could impact holiday shopping: