Retailers expect post-pandemic recovery to take up to a year
Retailers expectations about the length of time for recovery following the coronavirus pandemic have lengthened, despite some easing of lockdown measures.
In the days following Boris Johnson’s address to the nation the weekend before last, and the prospect of some non-essential stores being able to reopen in June, Deloitte’s latest Retail Industry sentiment survey showed that almost all non-food retailers expected the period of material disruption of their businesses to last more than six months. That compared to 75% the previous week.
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