What’s happening in the U.S. and South Korea? Neil Stern, Senior Partner at McMillan Doolittle in Chicago and Board Member of E-Mart (South Korea) offers an analysis.
What strategies are U.S. retailers adopting?
Neil Stern: The U.S. government has not decided to close non-essential stores. Cities like Chicago and New York decided to close bars and restaurants but these decisions are made city by city, not at a federal level. Some retailers are deciding for themselves. On March 13th, Patagonia was the very first retailer to decide to close both their stores and their online business, saying they wanted to protect staff. Nike followed, together with Lululemo
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