Retail Challenges And Opportunities Amid The Pandemic 

By  |  June 26, 2020
 | 
Retail Challenges, Opportunities Amid Pandemic

The coronavirus is magnifying the challenges that troubled retailers faced before the pandemic as they continue to seek financial lifelines. GNC recently declared bankruptcy as well as retail closings, while Macy’s unveiled additional cost-cutting measures. And retailers from brick-and-mortar chains to eTailers are stepping up to sell face masks amid COVID-19. All this, Today in Data.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:         

    12M: Minimum quantity of face masks that Etsy has sold during April.

    100K: Number of medical masks that MaskClub has donated to first responders to date.

    3,900: Approximate number by which Macy’s plans to reduce its corporate and management headcount.

    $365M: Rough amount Macy’s expects to save in fiscal 2020.

    Advertisement: Scroll to Continue

    $9.99: Cost of a monthly subscription for one mask with MaskClub.


    Recommended

    Safebook CEO Says AI Agents Solve CFO’s Data Plumbing Problem

    Citi building at night

    Citi Pushes Treasury Beyond the Banker’s Hours

    Visa Maps a Path to Agentic Commerce That Feels Familiar — and Safe

    AWS and Microsoft Present Agentic AI’s Banking Business Case

    See More In: , , , , , , , ,