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Retail’s COVID-19 Strategy? Hoard Cash to Ride Out Virus Storm

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Cash is king—and at this moment more so than ever as fashion firms rejigger operations, recalculate capital expenses, cut costs and keep payroll afloat now that stores are temporarily out of the equation. Fashion empires, retailers and mall operators alike are taking important steps to review the far-reaching impacts of a coronavirus pandemic whose havoc…

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