Retail

ECONOMIC OUTLOOK: Retail: Still Uneasy, But More Confident of Survival

ECONOMIC OUTLOOK: Retail: Still Uneasy, But More Confident of Survival

Uncertainty is something that many retail owners are dealing with, both around the country and throughout the Monadnock Region. Since coronavirus shut down large swaths of the U.S. economy in March, the retail industry has been rocked. While online mega-retailers, such as Amazon, are seeing profits skyrocket, most retailers have seen a sales slump. Overall, it is estimated that the American retail market will drop more than 10% in 2020, a more significant fall than in 2009, during the Global Financial Crisis.