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Retail group raises '21 forecast

Retail group raises '21 forecast
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Covid changed shopping forever. Here's what it means for your favorite stores

Covid changed shopping forever. Here s what it means for your favorite stores
CNBC
12/24/2020
The Covid-19 pandemic has accelerated the shift to online shopping.
Stores are being transformed into mini warehouses, helping to fulfill online orders in a fraction of the time and at a lower cost.
And while stores at enclosed shopping malls are closing due to slowing foot traffic and falling sales, retailers from Gap to Abercrombie & Fitch are investing in opening smaller locations away from malls.
© Provided by CNBC
Academy Sports & Outdoors store in Orlando, Florida.
Academy Sports & Outdoors more than 250 stores shuttered for weeks in the early days of the Covid pandemic. But as lockdown orders eased and these stores reopened, many customers still didn t feel comfortable coming inside to buy camping gear or a new basketball, according to CEO Ken Hicks. ....

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