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Personal Finance and Investing

Sherman A1

(38,958 posts)

6. Retail has been heading in this direction since the Reagan Era

Reply to unblock (Reply #4)

Wed Aug 26, 2020, 03:53 PM

Aug 2020

The sector has huge underlying problems and challenges that Covid-19 pushed over the edge also online shopping is not the culprit in the demise (or reorganization of the sector) just another one of many, many factors.

I have read that we will probably lose up to 1/3rd of the restaurants in the country. It is to tough business with slim margins so I expect the numbers to be higher and with many out of work (and not going back to work) folks will not be eating out as much as they were pre Covid-19.

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It's just QQQ and S&P now [View all] bucolic_frolic Aug 2020 OP

The effects of Covid-19 are indeed a targeted disaster unblock Aug 2020 #1

Your last question is really THE QUESTION Sherman A1 Aug 2020 #2

Restaurants I don't know about, people will want to eat out once it's safe. unblock Aug 2020 #4

Retail has been heading in this direction since the Reagan Era Sherman A1 Aug 2020 #6

Agreed. The difference is I think restaurants remain tough but viable long term unblock Aug 2020 #7

Easy. Just follow the old rule safeinOhio Aug 2020 #3

Yes I think amazon will do fine in the long run, but there will be a big drop of a cure is announced unblock Aug 2020 #5