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" ... A considerable portion of the GDP contraction in Q2 was due to the coronavirus-driven total economic shutdown, during which there was virtually no retail, travel or hospitality activity whatsoever, accompanied by skyrocketing unemployment. ... "
" ... Facing the market contraction that is coming, Solomon says fashion brands that have proven their value to their core customers will see the spend per customer and the lifetime value of a customer grow, even as the absolute number of customers declines. ... "
" ... Handil — it’s a contraction of their kids’ names, Hannah and Dillon — bought the 80-unit Christmas Tree operation as part of Bed Bath’s plan to shed non-core businesses and concentrate on its nameplate brand, as well as BuyBuyBaby and Harmon Beauty. But for Handil, which has operated mostly in the greeting card business for the past few years, Christmas Tree Shops will be very much its prime focus. ... "
" ... The advance Quarter 1 GDP report on Wednesday came in at -4.8%, worse than the expected 3.9% decrease. This was the largest contraction in twelve years, and the numbers could get worse, as this only the first of three reports on the Q1 GDP. The next report comes out on May 28. Estimates for Quarter 2's change in GDP range from -27% to -40%. The 7.6% drop in consumer spending, released as part of the GDP report, was the largest in 40 years. I am skeptical that this will recover significantly, even when businesses fully reopen. ... "
" ... What you see is what you get. What I mean is that the view through which you and your team view any situation is what you're going to get. In short, it all begins with the mind. Last year in the spring, when the first round of stay-at-home orders happened, we experienced a significant revenue contraction. Candidly, I had plenty of sleepless nights. ... "