Half of non-food retailers will run out of cash if lockdown lasts until summer

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More than half of non-food retailers will run out of cash and collapse if the lockdown lasts until summer in a catastrophe for the high street, industry experts have warned..
Most chains have been forced to shut.. Sales are thought to have fallen by as much as 70pc

Half of the 34 biggest players are now in danger of going bust within six months unless the economy is able to return to normal, the experts said,

www.telegraph.co.uk/business/2020/04/09/half-non-food-retailers-will-run-cash-lockdown-lasts-summer/

This is a British article but the same must apply to the US; maybe even worse. This really is a perfect storm. Farming and dairy’s in trouble too. How do we ever come back from this?

 

 

JW

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