COVID-19 has impacted US commerce in an unprecedented way. The fall-out has been staggering as retailers have furloughed employees in the millions and closed stores indefinitely. Once social distancing ends, retailers will be faced with a landscape vastly different than the one that existed prior to COVID-19. To successfully prepare for reopening, it is critical for retailers to develop a data-driven playbook to optimize their footprint, develop a new operating and business model and secure a financial position to carry them to success in the new reality.
Read more in KPMG’s report titled, Navigating retail’s reopening for success in the new reality, to hear more about:
- Planning for reopening
- Forecasting new demand
- Retooling the business
- Reducing the cost structure
- Creating a cash buffer against uncertainty