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Retail in crises

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A picture taken on April 14, 2020 in Gstaad shows the closed store of French fashion house and luxury retail company Louis Vuitton during the novel coronavirus COVID-19 outbreak's lockdown. (Photo by AFP)

The nationwide lockdowns due to the coronavirus pandemic have forced every store except for food and medicine to shut down.

The massive closure are not limited to stores. Every economic sector in countries struggling with the pandemic have the same situation.

But, while many industrial sectors hope to reopen once the crisis is over, for many retailers, the prospect of getting back to business is grim.


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