Retail outlets were struggling to stay in business even before covid-19 came and decimated the economy. Now, the future of brick-and-mortar stores is looking bleaker than ever, with businesses unlikely to return at the same scale—or at least in the same form—in which they previously existed even once the virus dies down.\n
even before covid-19 came and decimated the economy. Now, the future of brick-and-mortar stores is looking bleaker than ever, with businesses unlikely to return at the same scale—or at least in the same form—in which they previously existed even once the virus dies down.
On Monday, Macy’s announced that it would furlough most of its employees beginning this week, maintaining only the “absolute minimum” workforce required to maintain operations at Macy’s, Bloomingdales and Bluemercury.“The COVID-19 outbreak continues to take a heavy toll on Macy’s Inc. business. Our top priority is the health and safety of our customers, colleagues and communities during this unprecedented crisis,” the company.
Even when business resumes, the department store says it plans to bring back employees on a “staggered basis,”
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