Retail Sector Is in for a Tough Rebound as Pandemic Forces Many Closures
We continue to monitor how the coronavirus pandemic is affecting the economy, and for the retail sector, it looks like it will be a tough rebound. Retail lost about 1.2 million jobs between March and June and many store closure that were supposed to be temporary might end up being permanent. Online shopping will continue to grow and brick and mortar stores will have to continue to adjust their models to buy online and pick up in-store as shopping in person continues to face difficulties. Jennifer Kingson, managing editor for business news at Axios, joins us for more.
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