The Two Sides Of Retail.
Today we're going to take an insiders look at Retail. It's a look from the point of view of the CFO, the Chief Financial Officer.
Now the retailers have just been through one of the most difficult and challenging quarters in their history. Retail has been going through tremendous changes over the last quarter. But this one really took the cake. This quarter retailers had to deal with the Covid-19 Virus. For a lucky few retailers, Covid was a windfall. These were the retailers who were allowed to stay open. And for them sales have been up, earnings improved and all is well.
Falling into this category were Walmart, Home Depot, and Target Department stores. These were companies which were deemed “Essential” by their local governors and mayors. And so, while other competitors were forced to close. These select few saw their resulting sales soar.
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