Day: March 30, 2020

Coronavirus pandemic hits specialty goods trade in particular, weakens turnover and employment figures

The employment figures for the retail sector have been trending downward since the summer of 2018, and the coronavirus pandemic is set to impact these figures even further. Consumers are also facing a greater threat of unemployment than before, which is directly reflected in their consumption habits. Contrary to previous estimates of moderate growth, turnover is now expected to decrease. The situation will impact domestic specialty goods trade the most, as the sector is already in a critical state.