Coronavirus Florida: What is future of retail? Not business as usual for those who survive

Coronavirus Florida: What is future of retail? Not business as usual for those who survive

Alexandra Clough @acloughpbp May 7, 2020 at 8:09 AM When retailers are permitted to reopen, customers will find a very different environment. Stores, gyms and shopping centers will take on the protocols of cleanliness, social distancing and crowd control already in place at supermarkets and pharmacies. But many won’t survive, however. * TO OUR READERS: This content is being provided for free as a public service to our readers during the coronavirus outbreak. Please support local journalism by subscribing to The Palm Beach Post. If you want breaking coronavirus news directly in your inbox, sign up for our Coronavirus Newsletter. Bricks-and-mortar retailers already were under strain before the coronavirus pandemic, thanks to consumers buying everything from shoes to electronics online. But with the virus shutting down stores for weeks, experts say, some retailers have lost too much business to survive. “I strive to be a positive person, but I’m afraid the outlook could not be more negative for retail at this point,” said Orin Rosenfeld of Rosenfeld Realty Advisors in Boca Raton. “There’s no way these folks can hang on being closed so long.” When retailers are permitted to reopen, customers will find a very different environment. Stores, gyms and shopping centers will take on the protocols of cleanliness, social distancing and crowd control already in place at supermarkets and pharmacies. It’s still unclear whether consumers will be willing to leave their homes to shop in person. But some retailers can’t wait for any hoped-for consumer spending bounce. They are making big financial moves now. National chains such as clothing retailer J. Crew already have filed Chapter 11 bankruptcy protection. Others, such as Neiman Marcus department store and Brooks Brothers men’s clothing, were reported to be weighing the action at presstime. The parent of the Brio Italian Mediterranean and […]

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