Brands like JCPenny and Neiman Marcus suffered the most during the pandemic because they were already struggling before the pandemic hit. The shift to e-commerce, which accelerated during the pandemic, further exacerbated their problems. These brands were unable to adapt quickly to the changing retail landscape and were hit hard by the decline in physical retail sales. Additionally, the economic downturn caused by the pandemic likely affected consumer spending, particularly on non-essential items, which would have further impacted these brands.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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