Press commentary on the impact of COVID-19 on retailers. Read the article.

“The largest problem in this entire situation is that there is no timeline that is trustworthy or knowable, that makes it insanely hard to make it a plan beyond a few days or a week,” said Richie Siegel, founder and CEO of retail advisory firm Loose Threads. “A lot of these retailers said we are closing our stores for two weeks, and today that basically expired… I think within the past two weeks, it became very clear that this is a multi-month thing.”