Buyer, seller, or survivor? Next steps for retail after COVID-19

The retail industry was among the hardest hit by the coronavirus pandemic. While some were able to pivot to e-commerce amid temporary store closures and restricted operations, many still experienced significant revenue losses.

Retail sales in Canada have started to rebound, but consumer hesitancy and the economic downturn may have a long-term impact. The future of retail is uncertain, and many retailers are asking: what do I do next?

This short self-assessment can help you determine next steps based on the current state of your retail business. Are you a Buyer (someone in a position to grow), a Seller (ready to sell or divest), or a Survivor (somewhere in the middle of the spectrum)?

At the end of this questionnaire, download a guide with next steps and strategy recommendations for your situation.