The Coronavirus’ Effect on the Retail Industry, Business and Industry Trends Analysis

The Coronavirus pandemic of 2020 had a massive effect on the retail industry.  Ecommerce, along with physical stores in certain categories, such as grocery stores, pharmacies and home improvement stores, saw sales soar dramatically.  Many other brick and mortar stores, especially department stores and clothing retailers were devastated. As stay-at-home orders were imposed in the early months of 2020, retailers had trouble keeping essential items such as toilet paper and sanitizing and cleaning supplies on the shelves.  Other staple items, such as baker’s yeast, flour, rice and beans saw skyrocketing demand from consumers.  Meanwhile, malls closed, as did many non-essential…

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