How can retailers begin to recover from COVID-19?

While plans to reopen businesses and lift government lockdowns are gradually taking shape, retailers face a number of challenges as they look to recover from the impact of the coronavirus pandemic.

Public health requirements for reopening—not to mention the fears of anxious consumers—will almost certainly affect the way many in the retail industry operate. Cost control will also be top of mind, as retailers look for ways to offset the financial impact of temporary closures and restricted operations.

To help retailers overcome these challenges, this infographic outlines five key recovery strategies.

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Clark Lonergan, Partner, Financial Recovery Services