The coronavirus pandemic has devastated the retail industry, but discount chains like Dollar General and Aldi are likely to benefit now as consumers cut back on discretionary spending but continue to buy food and household essentials, retail analysts say
New York The coronavirus pandemic has devastated the retail industry, with April sales plunging 16% and big names like Neiman Marcus and J.Crew filing for bankruptcy.
Yet discount chains like Dollar General and Aldi stand to thrive. These budget retailers are building on strong growth in recent years. They are likely to benefit now as consumers cut back on discretionary spending but continue to buy food and household essentials, retail analysts say. Sales at discount stores are already proving to be a bright spot.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dollar set for weekly gain as pandemic recovery hopes waverThe dollar eased from a three-week high on Friday but looked set for a modest weekly gain as rising Sino-U.S. tensions and worries about a second wave of coronavirus infections rattled investors.
Weiterlesen »
Fiat Chrysler, Peugeot Scrap Billion-Dollar Dividends as Merger Faces PressureThe car makers canceled dividend payments they promised their shareholders that were part of a broader agreement to merge, but said the deal remains on track.
Weiterlesen »
Multimillion-dollar food bank delivery contracts go to firms with little experienceThe Agriculture Department awarded $1.2 billion to several little-known companies that appear to have little experience working with food banks or farmers
Weiterlesen »
Dollar holds gains as Powell shuns negative rates, Aussie slips after jobs plungeThe dollar held gains against major currencies on Thursday after U.S. Federal Reserve Chairman Jerome Powell dismissed speculation that policymakers will adopt negative interest rates.
Weiterlesen »
Dollar holds advantage as Powell quashes negative rates, data in focusThe dollar held onto gains against major currencies on Thursday after U.S. Federal Reserve Chairman Jerome Powell dismissed speculation that policymakers will adopt negative interest rates.
Weiterlesen »