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1、COVID-19 Industry Pulse Report: Retail June 2020 COVID-19 Industry Pulse Report: Retail What is the industry sentiment around the impact of COVID-19 on the Retail sector? How is COVID-19 expected to impact the Retail sector? What response measures have been taken to date to address the impact? Indus
2、try Pulse Report: Retail3 Foreword Stelios Demetriou Partner Transaction Advisory Services Leader “ As the developed world is exiting from lockdown, the virus is taking hold in poorer countries. The overwhelming uncertainty around how the pandemic will continue to affect our lives and the economy li
3、ngers on. In Cyprus, we have seen a series of support measures from the Government and we are in the process of exiting the lockdown and relaxing social distancing. But as people return to the streets and businesses begin to re- engage, there is little doubt that there is still a long road ahead, pa
4、ved with economic restructuring and business transformations to adapt to the new era. Executives are focusing on addressing the next day of the new norm by adjusting supply and value chains, volumes, prices and margins based on rapidly and drastically changing consumer behaviours. Business leaders h
5、ave had to reassess their business outlook and to reconfigure short-term and mid-term operations. As part of our efforts to understand the impact of COVID-19 on the Cyprus economy, we have prepared a new Industry Pulse report on the Retail sector, adding to our portfolio of reports for Banking, Real
6、 Estate and Hospitality. Like its predecessors, this report aims to provide a sector-specific perspective on the COVID-19 impact, fiscal and monetary policy, recovery scenarios, trends and recommendations. Though it comprises of many different industries with varying cyclicality, in recessionary per