Retailing in unprecedented times & survival during and after COVID-19 – Saudi Gazette

  • Date: 18-Apr-2020
  • Source: Saudi Gazette
  • Sector:Retail
  • Country:Middle East
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Retailing in unprecedented times & survival during and after COVID-19 – Saudi Gazette

Whether voluntarily or due to government mandated lockdowns, hundreds of thousands of physical stores across the planet remain closed, drastically impacting not only brick-and-mortar sales but also reducing retailer's ability to service online orders in store.. As the virus' impact manifests across all sectors of the economy, consumer confidence is likely to be dampened, further impacting sales and increasing the likelihood that the impacts on comparison retail will be felt for months to come.. For shopping mall owners to try and mitigate the impact, certain measures should be taken into consideration such as increasing PR activity with press releases, adopting screening measures in the malls, considering short-term rent break and increasing social media presence.". Carrefour in the UAE has revealed a 300% surge in online orders & 59% increase in new customers onto its platform.".