How Covid-19 Is Exacerbating the Churn in Retailing

Brick-and-mortar retailers were in trouble well before the coronavirus pandemic. A shift to online shopping since the turn of the millennium along with rising costs and over-expansion, especially in the U.S., had already forced many stores to close. The arrival of Covid-19 intensified the struggle to stay in business and accelerated changes in how and where consumers spend their money.