“Depending on how long this lasts, the economic impact could be enormous,” says a former retail-industry CEO
U.S. retailers from Abercrombie & Fitch to Urban Outfitters and Nike are closing hundreds of stores across the country, unprecedented moves to stem the spread of the new coronavirus.
Grocers and other chains that sell foods, medicines and household essentials have promised to stay open and restock as people race to fill pantries and refrigerators. Walmart Inc. and grocers Kroger Co. and Publix said they will limit overnight hours for cleanings and restocking shelves.
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