Retail Store Leaders Ask for Emergency Aid Due to Coronavirus [The New York Times]
Gap, Inc. (The) (GPS)
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Source: The New York Times
Style | ‘Our Industry Will Fail’: Retail Leaders Ask for Emergency Aid https://nyti.ms/33CjmBO The Coronavirus Outbreak debugid:204 ment Continue reading the main story Supported by Predicting millions of job losses in retail, an industry presses for federal money to save the retail clothing industries. By Vanessa Friedman and Sapna Maheshwari Over the past five days, executives from the largest American clothing brands and department stores have been engaged in urgent late-night phone calls and marathon video conferences in which they game out scenarios for their future in a world with a coronavirus pandemic In the end, they have decided to request a stimulus package from the United States government that would defray the worst of the effects for both big and small businesses alike, framing it as a “bridge,” not a “bailout.” The discussion of coming economic carnage as municipal and federal shutdowns have changed lives and businesses has primarily focused on the airlines and
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