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Italy's devastated retail landscape: Here's how one of the worst-hit sectors has been impacted by the pandemic and what it will look like.
Mondadori Portfolio via Getty
- Italy's retail industry is amongst the hardest-hit sectors by the coronavirus pandemic in Europe.
- As businesses reopened on May 18, luxury fashion and retail brands in Italy are coping with piled up inventories of outdated stock, uncertainty about tourism, and financial anguish.
- Experts gave us their insights on which Italian brands were the hardest-hit by the lockdown, how its retail industry has been impacted, and what its future prospects look like.
- Visit Business Insider's homepage for more stories.
After the country's traumatic 67-day coronavirus lockdown, Italy reopened its economy for business on May 18, and has given the green-light to international travel to and from the country starting on June 3.
While life is expected somewhat to normalize this summer in the tourist-reliant European country, its retail sector is confronting a huge question mark.
See the rest of the story at Business Insider
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See Also:
- Sales of the 'everlasting,' beloved product Spam have skyrocketed during coronavirus as long-time fans stock up
- Shoppers stormed TJ Maxx stores when they reopened, driving sales higher than last year
- The rise and fall of Victoria's Secret, America's biggest lingerie retailer
SEE ALSO: More than 3,300 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.
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