Home | Login | Contact

Who    What    Why



INSIGHTS



  COMMUNITY ARTICLE

Surviving the Cash Crunch

It has become clear that the high street will take on a very different form once the pandemic is over – weaker players will cease to exist, leaving behind a smaller but more resilient group that has acted quickly.

This report by Alvarez & Marsal analyses how the COVID-19 pandemic has impacted the retail sector.
 
Key findings include:
 
  • Non-food retailers could see a decline in sales of 17 percent over 2020, equating to over £37 billion of lost revenue
  • 72 percent of consumers have prioritised essential purchases since the outbreak of the virus
  • Data from Kantar suggests that grocery sales in March 2020 rose by 20.6 percent on the previous year, making it the largest month of grocery sales ever recorded
  • Retailers will try to reduce labour costs by 50 percent through furloughing employees






Click here to download this insight




Related Experts

Erin Brookes
Managing Director
Alvarez & Marsal
Lynn Evison
Managing Director, Retail & Consumer Goods
Alvarez & Marsal
Philip Lawrence
Managing Director
Alvarez & Marsal





Related Insights

Benchmarking Responses to COVID-19 Has Coronavirus Changed Retail Forever?
Other Insights Contributed by Alvarez & Marsal:
Are you ‘Ready to Run?’ Ways of Working in a Crisis The Impact of COVID-19 Benchmarking Responses to COVID-19 The Shape of Retail True Transformation From the Inside Out Who Will They Target Next? Powering Digital Transformations with Data Activist Investors in Europe: Who Will They Target Next? Corporate Leadership in Disruptive Times Protect Deal Value with Effective Transition Service Agreements Shareholder Activism: A Survival Plan  Brexit: Relocation Challenges for Financial Services Firms Duty to Report on Payment Practices and Performance Fuelling Sustainable Growth What Makes Companies Vulnerable to Attacks from Activist Investors? Corporate Targets for Shareholder Activists in Europe Boards in Challenging Times The Impact of Brexit on the UK Food Sector Leading Large-Scale Transformation

Related Insights

Your Peers Also Read

CEO Research Results 2019 CFO Research Results 2017 Benchmarking Responses to COVID-19 The CFO as an Enabler The Three Lines of Offense