3 ms·
Some retailers were already struggling, I heard as many as 50% of mall retailers could close by 2021, which could cause the malls themselves to close and kick o
by gremlinsinc 7y ago
Some retailers were already struggling, I heard as many as 50% of mall retailers could close by 2021, which could cause the malls themselves to close and kick out the remaining tenants if they go bankrupt. Sure there's tons of other retailers, I'm from Dayton, where NCR used to be, so am familiar w/ the company, just because they haven't laid off yet, doesn't mean a year from now things will be as rosy.
I know for a fact in 2008 they laid off a lot, and iirc that's when they closed down the NCR/dayton facility. Didn't all happen at once, but it eventually did.
The crisis then was markets and just normal business. This is a full shut down of society followed by a period of consumer confidence issues (assuming consumers even have cash to consume with), it's not just going to bounce back.