Retail
March 17, 2020
Global pandemic map. Image credit: NRF
By Dianna Dilworth
Social distancing and store closures are just the tip of the iceberg as luxury retailers brace for what is to come as the COVID-19 pandemic is turning the outlook from downturn into a potential recession.
{"ct":"5m15RLs5dvJJtxyotTllvuS48WhtLwd2lcBQWvTlThJuoo8zJQKaXf9TOCIO6BVlOEeg0IyB+tSNl6nSb2dEoE2Voe07zm4PV2+WOBuUpraT5WTUsZnWe+07ChA\/GhuDEd7OZxwlWwz5TaocrK2T5VEbR0S5Ljc+X0BWDBHmlmKuSUwonfpT2nFar6IBwptPTs5OAB3ebHQ1s5CRjxOx1srgD53WGDfCMnjmp7RNuDyUpXhbyUdDNWfC\/3FMNzhIlcK0UYTsCZe97fnHua3vZvM5M8BxKW6GP+uGljOqazhH6fAk8JZkSWYu6i3YVP49tdqy8e3f\/O4BNE+bIyJLCE9we2ytmIqISaDKORaw+71WtQ+cEnzCqDpVx4EhgTeEplggqZlBVU0n\/+\/GQBJZ4tF8mGiPu51vXcUbkS4A7Ij+OwCrHdtqljFViQ8RNuve8ZNOLHbyq0naYAgSmdFzzFRJaZEGAAuDE5pJ8UEz9PSPExpDhVYXDXWyOOHbS5iFK1J776uE7WFu9VULCh2IWkEIPWb0mUxM\/uHoQbo253NSddSSWtoIECx0J9IRUImWwgISTNQjwzXubeM6BX7zZwGZbYuEBdFBYUaqpH7DDPLqIQJjkkmi2KY1BWPio+zbbzmHm\/AsjxuMIfzeatErAgrZc7KaBWPbgXvJ72N6i7RjvvpoIXCIL7O0I2QAwyh8YCrprFfjrdMIcV2HiXQ414NCqTGCPc7uQXFUaPcfcnps76KUG5lvvHE\/Wnql87XGbWtFQqPPPpvG4JtWvOZU1NucYKldbiD0zH8866ZzgiLbMpDSN+o2vhD8+oa7G6RFQAAdzD9FC04RBAPtjOD8ULdv9ry0zd3ZaQ8DP0YDz1dpNIbWxWr54Wj4Pz\/N7+Xc67QBI7U2b1ulLniDTitCrWjYV8T0QlZj5aiDqnwmQAKJmkoE+kgDouSVrkpj5KiTrAVXTIUTzKP7nyDyQgqmaafH4o1R0fQXLmUnC125XpMs\/m02JpMr7gSQbXluDKo8fMek0F1a3vElLhnNBLw+abSm5Vk\/3ux7cxmrNDqMt\/NrkCPQNEbGQmwHtnCtPox1iFG6LOujZFzfJe5aIcgEY7t9CqTZnqJ6ptnwyc3XaOP2dRY1oiBvHa7et1ZRvBlDHLG4vH9qPXpURcHx\/vdghu6\/vMPAM16vmVcKShjVUuEU7DrLLhuj3VcKKwhYpJtaOvAxmiWsximUpYYVl\/wbl1\/tbYywhNKCripB8VWyMrF30nTuEVkvO9crOSfMdj0DgayKOLdCUvHdbODHjhTuEEmpOH+fIXmw6fUo3BRklPktt9qvChfgfOMovN6g\/bprDC9z1YaARGn8PeEk0dXGgNAeVBFi6FsVX8uueBE2ThR8BW6vGNxP9bSQENOM8QEGUFgiaEALUcthrFOeMCatKO2xonhqB0vWRArjQEu\/saY3pekrsBPWY9QEwIAeOM0VZv\/dAtG8BzIPuUyLSb3JftgSyZplC8+hb3SNkQAvxdqPS19z4mpSjAOMIkrAem58VFh8lT3TzI3Z4hyuhkt5UD5uKsDphLWZgKPGCvLiFeDxwVWLRBqnw4quPTBpwJu3W0Vw8R2qt\/tr7jJbXNyJeIXHmflc9GDPHZFAgZ5HYqOMn9cl0LZJaC7L4zM+EqFaPexbg0GD8zPFTcN4\/1KEPRjHtggc\/\/6BzuMSwKDgz\/jdj7GyKQGkp3mAJ8dwb5KF1WmTI+x4dWK3R1e+c6CAanebDlWZTzXRYxQ0oUJRjRdSHtSchfZ+6Al+AiRQ9qQo9axROQR3CzY3g6RY2QdfGeYLg\/g8phXu+wh3KUB3svL7StvoZp3U2V2qnxeAChNlMi2\/AM6QSOitr8zEkTIuq1v5Z+cCaHpN7RuaHEMtwvIr6rEqMTbV2p7oWm4xmq9Eo0xy0qtw0NnpiRH7UyIJ9I8ZOp\/DQZYZb3wHOZZs+5Mv5SHxngi2kaBqQCImcRuw8V4aZBAKiKkfyD3O4\/RcgSF1K1xPS9VlqmoM4qo1EAsQa9wCfMdMtsuv9TMMYxnWsNcLWzLIFnjrPflGiGD2k9hzekTKeo8w\/vl1uRGv4YBQE3IrMAI75t0dnPCmOAHEbLNoNZ0AjAcZk+xnDQ3v2IR2+B+3mGiLzhGfNiuylgSG58kWn8CnK2V9YebUiT49vZy\/Sv77KqpwUcZXpNT2hEFy6eEro9\/xWMuiNRJmtF3uA4aXvMRU\/Qe5Jml\/2wV\/FWWNsxfk\/1PTXLKq7oaZThokn2p9LmTLVwQuChRb\/X2eAGQmwlJdM9DPORwa1JZxmK6vl9Fpt+Xz1u6Ja3CwG+p0uuHc8HGBW9UzeP+f9F7jv1KnUpo4uHX5fcbHS0LUkLo1K1H5lari9WywTF6jCUBcsvguUYQVWaSlKOZ24wKbuYF1R399Ljg53bStQ2ivCx3+xuFalm2+jrrkCTKZttpSiypmcA8TNU1mHjC2Ynu+puDMKK33Q1fv\/abnF2iICLx+zku0q+mrGpa8PocfhuYYuWupNJcj7oCqf6E8XJAVQ+fMjQvZQjcTTC3\/Hl0bKDbvcbhPdvWBltNj4Zgd3mpNTQUMHaGLSfZbYvgDmDp9V26JCBxdKxJK4OaLbjHXx1FTbAsWZX4uTgWBcZBnGk8oR7+LIpxrv7XvI+Vi69xY\/eK0qGWRF9\/asZWzbRIh6Dpg4VqN7\/b0nUZWPwXXcTNPlxArFQHw8cMGx+m5qw9Y4cQGpJ8JmFBn2ZWMgG7WTTr3oKy\/xTzgP0TnQ94jnSLj+hoNYBOGD24td4VOYG6ph67tKa8pwY7bSWstm5XxLE+TnTM0QBGg5U1hgX+5X+rlKDdZRZrP9Z+wlYz4GMvpM7Eb3dnSHF4Rl7Xee9h6BXsCnJXWTv3uhgRFGnsy7UES\/d1wnKb7\/broUYqXxABkoBYgD8gA8eHFmbyYnaseZm+Mow8M5AxW+8Ikolfl1i8E+w\/uuX3VOjMxyzJMO5ii883DJsbvlCscjlzGsL8xk+fHH3BPfNGM4hPrEep5yAusc\/5\/N57WuvFfR96bHLORYn8EgHURekQOSxK5J7CwlAuJqNNeR97NwXsmiX60t4hCWEEp913EuvbcGLzo53Zpz2RdnqQDz7zjLjQTOXc73h0s3XoXAerhRKOoDcdFe93Oz9rD+x1WkrfAp7SQNWDnsKh2rqK\/RpCsIjA6QT2Ru0QwYFL9v9SgFjAQoYXU2+xdYUuBx2JFrOkOakshGWae+NxrzPlCVcXvVzlR8OxJNvBqkYfChWCAVCQuQwPetP4oXs9pwxpEqRpPAaPLsDvNhX3SAgH0Q5hscwdV1QSMGnaHZmhpXfMUEJ2+n180qe6cCKGhBfyX+VVxlRShNAIt\/\/IgHkms5HMxdUEuCktbe7sf4DDzMwBq\/5MTf1Hf51XaDip48sYUznWW9IP1DrnkhQBcPA4dfW8U7nh2wxcmCQVlG3VTNTOoYb8xCqYF6ou\/uoegL2mpwohpxpMIJgzq4dZGB+btO4281\/sstSMUf2QUBLLa0lfboJPZeJNZiGFIzOfFnp1pQsxRpHVzq3eG5B1QMgfqc1q7JeJFLhkjDv\/9F5JcrfNhF\/EsCZSs5y2YvwKxDbkwAXNBrXqH9IJ0yqxdJWlVA7EritZteijAGM6scKTSSIY+Zp0jRgHxeQxjLntL5Vkhmd3zaY1Z3oMb+wrHAHzLuNtwwyGJhjmW+NzwQo4m7ItJnkApA823+rc1K4IlSSzWbrVCKX9x4\/xxwHdeJnjiC1zw5RDMM9Zsl7cxTj7hPMrg64fuGziRogeU\/9semhxlqdlJe1gZqkKUDMaChPYEnTOJrAbO5hlEC0OycW1TCzd+ZKcPcdqxCHyUo3nfsenQ1pTUisXOn+gmRyQ1EMesyLb7h2aROOmkdhLZKMsdAj4jvPV1ZYaApau95WChBwvVqvS8WTSqn0nzga7eEhbh1CPdXdP4m6X35i\/r38wmwlslp\/uui397PywnOnSocd80tJCVMzgeLJcvkFf4c\/0cRgQZsIuQn+1fVlR0pcJ\/XCorjn7nzIJWHTKIgsTkquypjC6VQsYDtlnHb1Yd2idaFXKx40e7KKAyJ4pjvz9V\/X0IS+00WmL52QcMhfi0YXcBCJ7kFtSan6Oa1YqUveKeMBnTeZl4nIzJTELp1vba3rYW6r0aL9\/S6aOq2UynSc4ZKdZzNetmCnfdP+v6DnaGPnq9uE+g3YG+TOygMT4XuroSy1nSlnFVubVcQws\/pW5cDEUN4toOjL08FLJfmvaH+HXGLuz\/aBF91miDrPwuEPgJ25fUbeMJVR4OSPhUlZBRn3vZVBw12T5yvGJ3tvAzuf3E3p0qhBe7\/1Coa9PBYkAv7rM9Euryr08dx2p9GN7zRCqfRe\/kS6h0iPsjhjweDkiV+CtAfDmZhDi2B6kS82PUzjpVQ7s2EnjyOUkpFtmhEhAAkR1aYrWSQF2RzUfJsqWuprUzCay6R\/uUS0LhuLHCnRmbR0pNE00Mt+AN2aVYUH7jEgrhZQ43BwPebYlVCLySKXvMPXTsL5Qy5QCapx7JBElLYjd3KA2yhM9z9w3Fi3YJ1ik0qqULbfEZdL9mV76RVvT+06HHFVROn\/6mCq3ypdifbD6zcrHy+us7VgwCPsIYd4OVJ1YTAcydFmmXPUpkP0QEZhnPkXzNvWILDpVQn5yF7I44LnRL590Qy9UBj6FHw\/UCDhAtrknSC3uxY3lbbHbzBjKqSlBppZiqjtVKXDvuwuS6VDoK1PRyVCQuhoVUg3MYnrIAmVeKj8JI\/S8u2rRprG5PsDUjmYqHik+Ct\/3cai\/6iAhcniamQTEFLi76khNiPdO9Q60CTMyR7C4D9gixRk1cAMmvAGDpW07Xk32HRO+0y60zzjxd+S729KSEH7B10srXF5y56V95zZjfrLmHWw3+\/5RQ86mW71cW4pACVgZN\/pMScjkMdh6RRWc\/3yhhqVwP7x4E1Ntgolrdzud+rRg5b8grjJtgjo3jI32txEOnbjLXLH+Jw0+VCUOuSOcLdocwSg8cW8oIKFrESeaPojTJhM+X9WvLEeSlTLa02fHEg5cDeqgGCUD1U5pcblT1NCrCrvMV3Eqz9fIhRIuLPJJUoIKLBNBEuqP1blxckbb9KGOKxRlDfXkMO27IXggLjCSKRPsQaESyEvrs1SVnniiwXsf+YVAPvOhoHqjQPNSasC5KVTViPKVWx+CLPxZj0TFqlJChiaFRtbX9daBAuI+He+EiIbdchKe43qz8YYU54md\/MUwhZkxgQvWT9KzDZRhioLP7JsbSoaFmBRmfal9BqrYruL3c7bYfIkgH24B8HA2o7EIIfCDbQ54nQUxviq1lbfdixtJ8B6RdgYiqLlsw\/u7ssJPmOB0xcDG8xUWXsxs3u5efMjte+d6ZIq+6xu0GPo0ukCRlVJkmf3qtxemJD9TV6DKIbnbDl+omQ40Rlzqt7EOAR1Qx7j\/ANbi5+bi9F5Ye9nS1uG1nl60sKJzd2CJOFTA6Tnnky1Y0eXFOKJdcWt6YWgQuUavDyQwoEuh09gnOaPQJYeBNau\/xyDE9gVrPedA+uU+gwuXTzwzWy4Wed3MTMkixXoNzjxjA00pnmRY04StBXXGgi3JaiOZhLxMp68r0wEDwIsbg7I3D5nTvopsifY08d2BxRepdResZY6NFlkwYDsrae\/BvWfkVenGtBXIi2p1x5gxgHl4rHNcJFfgg3jXkLhddkbbEFuOVzddU9I4opRtb6w8bQ9e3tq8w5fumzvAWW+CxuDGEC7AVLYyt0r10hp9kf9Y76KMeTyB1YF3NZVjO0y7JACs1DbyTknA4+qqQUIvAitJqfWBTN7IhX\/k5JwUkHJyRusL2tqxe5JXCW5tX4k+333YjINf+1e1g2Xv1IHlbZO\/2pVwCD6xERoJCc\/S8nT2OeD0A06ByNwSKavR6D7bpSfyVmGh8dxaxTiQqY+rzAK6xjhsCwKnU5XPr9TqvCjg2baJ+5WHzTnPM3c\/8EcZFnsqVLq6jd3YRIoc8sO2vEC+dRkyrYjMDsl8BqrTPbKsOA+0NF2FjfBgyzSn+SR736AwFz9V0OVs7lxFfTOvUWRI2opm7lHMcOhjBpOtD8tJ5CYAqmNS0fGJV2GEm94IvJ84byIKJhWNE2OXioS5AC77w51qgRsnAjOCCgyreGOKy0uBg4b1a3\/e+8Y+TtSuU1stm2Tr6SkgD5Hygnj3Ip\/ENqA3GgvP7nDC5O1pdU6HVsEK81YBOqqeXvgMy9xte8EFdistbov8Jj6s4HTt3vlNz08qYAEcSSwX9lukYATrfV5jpEzQAl\/UyPfWUekjM4QnYiarSocGRsPfkMEKtaolcAc6vcm\/gu2hwyR3Mcf9UPHk9cDiKAQcwt6P5ALIZUYisNynetVuKmmJ+0TePI\/RGwrGJ3UG+q6vRaRSZHZQlX74Ycio+VAQI9\/9DG0K+mreZ0hP48Ad\/OIseSr1qXEPVQjAMPB8UemXDWIEYxnt\/yWpYAGXvI9Ey2mAGY9JIDjyZPSTuheb6EYuYOWQoKkXv0NJ8bhwMXnD1mU0aCeuIVg6AzF50Pl\/P\/7xFWF2Wgq9e9oKpQEaKoPm7ybQ5v6Y2GkLuhz45bwUCC2KWyaeqS26dUNlmxlTOXEQrXVGFb9X7C5dBcMgEHXPpE9BOS7g2KspX3HVUWoTbmGLcZJeN+0wi0PplqYpxNUdlpwQKKeqo9CSPq9rug2cVy4DUyylaK3466yDfrkuVB7W+VeZr5dTHTHtcroPzihyMsrfD84eSo8vrkuHj6guKqc28CloswjxaRiVlK0pBVIHuiAoP5\/Onqhqwl4wRW4tBcaLYTjszpLpGcSwFfUQ2LE\/3SOho8HH51sEzRz3NZDm8tom+xTi1yaTB3AcqPIJou0KF3M2pRtx5x42XJOcDAiQmEVmINq9onTrPHjOu3ehN0oreSXrvtpAIdUUkfpmXG6lzOInYYJF1nNdDyTxWmmkCsSFggBEbKImZiiCWejtdZuGkw0fsZyGwXkf3zhzMIds4yKbikC+QpuNaudPlcAI+WBc4JoDcJCISjO2U2eCVXRBSMb0vr\/GLMmJjzsc6vOzYIFdvR43VKx1k4gEhD76ynrpw9d2DFIi14Cy295fWkJL6t7xNYhb+Pk2Ves8Q+FgeG4PMneEzFqB6KcziBVkaHZQGVTjAepnbfZ33VvZfZ7sTG20ajwSny5cihhJvW4P8DNZxn6rvTBGSxxDQ1x1QNd7nTGl0HTc1gbB4\/ZWn5hFM1ca555f31r2vkCgPmZHiInquaR3qOZETtUZOX3UY7zYzz60SB2OOK2nCOR1kMpMwTDu88lJJ7w03HhMYNtSWvHzxCtaXctLdTIeXGkksNBe8RTQD8V6bjvZtqpTIpOKqq8lQUTb+ML9c3vkgbnGbRpdQr7pY9b6K\/ZZtlkqgr28KsWbnwrhw4TdbH2TDW7\/+Te2SLHkgJLexxKlYZJKsxXpvS1BwtGi6cJtH3dO1wid3pmmtMbJZWhve1R6t9uTtn2zTs5QdOpaFspXxAAauSHa2qmuJ6eSFUjA23v47TDQ1E9CENw3eFtd12YfWwCy7zXITD\/o+eWuAhP7TSFPHw3k9C1TemrNlwchZVQqOZ5bCTZKsdrdY2reJgt5nk\/cIuEElxCE+gRYbFLFJeDDCOBvxXZ3JCmjGvADuKQH\/TPxpIkGTelRzRyPIGayr44O9dhepGildMslIqOhlmiO7ZcyVW\/E2gIvVr7SnmzWldoyMrs8K56k87lH52ALfGApCPbDUF+mT4icbhdF6ucjNUpG98ELk4v4Uv0LZ0Yd4cVbB3ukOw4Jwj+qhGLGlhZH8usJDd1XuwhTG6jEA6SegBtGVlMRptR2AsV8ZRZQcF+8dHFMhciuZurjpH9auWinOPBae7Tf8BVGXWdeszMhkb3t2\/RHYJPvSXczeObmFrdXDHlRkOo1ecqodt5V0X9RNlUMElxcT0V9G6cyjwBiPy2C5cmkZJpaLV97ea4i0kyh4C0EWZMf\/\/IECnCBcHDBevnNXYBt+2w8RYoYwKSqYI7C\/rtUgCZ1QicYoswOEOpJlWTxO3cb5InRDifGRBBJn0wKaMcuaRSvQCR86YgHvxkZkeHJaT1BhS5RoONl4fYWWIGGNa33EFIQ62xrycA3cAYJfbu+ghx5dBOH\/VAMg1yIF\/uSyFWFrilO+9JjWMnbqH8uxNof\/bnIRVffGTBtfW0ulJvyAkA86OKqDG2Ck656sASe7d+vxSDDcdTUsEDQJjYUx9BdGVA+uOw\/dhI4gWNMaVguHs44\/En6HfLzndwRNLmvf+Du54ewnuYqb+Hz0u\/mj2AmXYH7kPcNQ\/UOmiy1pLQp\/fsNmnl++bgwAC0Dx68o5oeYpYD2EAvJGwYeTu3yQ7j7K12Y2HGfR7fIrZjQmWEkumXIAlBFrZYC+5V1MNCr\/GpUKFy+jyROj4suTFz2TQnWs\/Bp8Wvxq\/zXWfBAJXddetCGFGlzXdMcpQjEscc19Ex46d0wfFc1A4AnyDCVFolqNwuoU27GbDELXGX3jQI3qMz58uVtM91L3xtme4MxoowBlccwf9OzqNcyW4T1ikTstipiR8nyI7Y\/1bMwLdJ\/EDXtPToYvc5Nz+tPQIDiNLN25kv5TU2+bApZDRk4bmkOyOUz28z9L+0495wEsvmrpNgFOeCHB5\/8tLDRKdidDOf0fCNlV0roX59TaZWWrpFD71VoF15r3\/k2iwxvVEdfOr8ZDKt2a73c3+r3TPzjjT6D\/QX3XKCAnUmtv9LoKPClDw4LhpEGMz5t7Ny1IzbPahRnIFw29uGYF3CVj0BcqgBC626QJoX2AhVjDNg==","iv":"e7cb0a4cf42bb29b1a6eb133dc91ec50","s":"eb85f19aeea64a24"}
Share your thoughts. Click here