Three reasons 2020 has benefited small Aussie retailers
They say that when one door closes, another door opens.
And 2020 has been a massive slammed-door-in-the-face for many businesses and retailers across Australia, no matter their size.
It’s true that there are many reasons 2020 could go down as one of the worst years for modern business.
Lockdowns have forced bricks-and-mortar stores and restaurants to close. Travel restrictions have brought whole industries, such as events and tourism, to a grinding halt.
The Association of Chartered Certified Accountants and Institute of Management Accountants even predict this will be the worst year for the global economy since World War II, surpassing the GFC of 2007.