Brands like JCPenny and Neiman Marcus could potentially recover from the pandemic by focusing on digital transformation and e-commerce, as the pandemic has significantly increased online shopping. They could also consider restructuring their business models to reduce fixed costs and improve their balance sheets. Additionally, they could seek to innovate and differentiate their product offerings to attract new customers and retain existing ones. It's also crucial for these brands to understand changing consumer behaviors and adapt accordingly.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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