Hard Stop on the Global Economy Means Steeper Online Discounting
RetailMinded
MARCH 29, 2020
By: Jharonne Martis, Director of Consumer Research, Refinitiv. The COVID-19 pandemic has caused retailers, manufacturers and businesses to close their physical stores around the world. It has disrupted the natural economic cycle and imposed a hard stop on the global economy, making it difficult to predict when we will see a restart. As retailers close their physical stores, consumers are forced to shop online.
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