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Retail group raises 21 forecast

Retail group raises 21 forecast
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United statesMatthew shayJavier quinonesCarol spieckermanAlbertsons cosJean andre rougeotJack kleinhenzRachel bonsignoreKaren benwayMelissa repkoNational retail federationErnst youngPresident matthew shayChief economist jack kleinhenzSpieckerman retailCitizen shopper

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.

New yorkUnited statesKen hicksMichelle gassAbercrombie fitchJames dauntSonia syngalMichael brownJeff gennetteMatthew katzJohn blackledgeGeorge shermanStephen sadoveJean andre rougeotErik nordstromJohn crecelius