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Retailers: 2020 a catastrophic year
NO PROFIT. According to Robert Go, spokesman of the Philippine Retailers Association-Cebu Chapter, no one talked about profit for 2020 as retailers suffer too much losses due to the coronavirus pandemic. He said losses could range from 10 percent up to 80 percent. Even businesses of deep-pocketed retail players weren’t spared. (KATLENE O. CACHO)
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FOR the retail industry, 2020 was a nightmare. It upended everything.
Burdened by low consumer spending and disrupted supply chains due to limitations in logistics, the retail industry has been bleeding cash due to the coronavirus pandemic.
“Restaurant members totally closed and in-house dining remains a challenge. Fashion clothing and general merchandise are still struggling since sales, especially in malls, are very minimal. Only essentials such as supermarkets, pharmacies and hardwares were allowed to open early during the enhanced ....

Marie Anne Lezoraine , Worldpanel Division At Kantar Philippines , Philippine Retailers Association Cebu Chapter , Anne Lezoraine , Worldpanel Division , Kantar Philippines , பிலிப்பைன் சில்லறை விற்பனையாளர்கள் சங்கம் ஸிபூ அத்தியாயம் , காந்தர் பிலிப்பைன்ஸ் ,