Pandemic or Covid19 whichever sounds less devastating to you, US is on a roller coaster of pandemic it was anticipated that worst has passed but ground stats are describing opposite. 77k confirmed positive cases have just been recorded in last 24 hours leaving state governors and business in deep trouble whether to continue unwanted and harming lock down or reopen sinking businesses. Its extremely fragile situation for administration. However various states are planning to resume back to normal by opening retail and small business back to business they realize another spike in confirmed cases which was described by Trump administration as ‘ more testing more cases’. Around the world, economies are cautiously reopening. Businesses are keeping one eye firmly on the here and now but also tentatively looking ahead to what’s shaping US brands to reset.
Retail closing outlets all across US
Sinking Retail in this pandemic
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It could take more nearly half of the decade to get back to normal
As communities around the world respond to concerns over the corona virus pandemic, we know that this time presents unique challenges for retailers of all sizes and the people they assist. It’s more important than ever to be there for shoppers in the most helpful ways — whether it’s letting your customers know a product is back in stock, providing information on how you’re taking precautions to ensure safety, or sharing an update on how your business and employees are adapting. Lets have a look on major brands how they are dealing with such uncertainty? Biggest Car Rental company (Hertz) filed for bankruptcy – they also own Thrifty and Dollar
Nissan Motor Co. may close down in the USA. Biggest Trucking company (Com car) filed for bankruptcy – they have 4000 trucks. The oldest retail company (JC Penny) filed for bankruptcy – to be acquired by Amazon for pennies. The biggest investor in the world (Warren Buffet) lost $50B in the last 2 months.Biggest investment company in the world (Black Rock) is signaling disaster in the world economy – they manage over $7 Trillion. The biggest mall in America (Mall of America) stopped paying mortgage payments.Most reputable airline in the world (Emirates) laying off 30% of its employees.US Treasury printing trillions to try to keep the economy on life support – their balance sheet will become $7 T+.Estimated no. of retail stores closing in 2020 – 12,000 to 15,000. The following are big retailers that have announced closing
Lets have a quick look which are the top brands who are looking forward and planning to reduce branches all across US which will ultimately leads to unemployment
— J. Crew
— Gap
— Victoria’s Secret
— Bath & Body Works
— Forever 21
— Sears
— Walgreens
— GameStop
— Pier 1 Imports
— Nordstrom
— Papyrus
— Chico’s
— Destination Maternity
— Modell’s
— A.C. Moore
— Macy’s
— Bose
— Art Van Furniture
— Olympia Sports
— K Mart
— Specialty Cafe & Bakery
and many many more…
World-renowned brands from January to May because of the impact of the epidemic:
passive income remedies 
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