Industry News

Survival of the biggest: Coronavirus transforms retail

By April 13, 2020 No Comments

The titans of the retail industry — Amazon, Walmart, Target and Costco — are poised to come out of the coronavirus crisis even stronger and more formidable than they were before, as smaller rivals suffer and wither.

 

Why it matters: The pandemic will permanently reshape America’s retail landscape — accelerating a winner-take-all race that started taking shape before stores were forced to close.

 

What’s happening: With piles of cash, extensive delivery networks and massive physical footprints to navigate the pandemic, America’s biggest retailers are raking in sales.

 

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