CNBC news.
USA retail having a good recovery. Some already back to 80% sales as compared to last year.
10:41 am: Retailers voice optimism as economies begin to reopenRetailers are coming off a painful quarter as the pandemic shuttered stores worldwide, but looking forward company execs are optimistic that the second quarter will tell a different story. "We have been pleased with the traffic levels and sales that we have seen so far. There is clearly pent-up demand," Burlington Stores CEO Michael O'Sullivan said. The company missed top and bottom line estimates for the first quarter, but said that 332 stores have now reopened with the remainder expected to open by the middle of June.Meanwhile Abercrombie & Fitch CEO Fran Horowitz said that with stores reopening the company has "experienced sales productivity for reopened stores of approximately 80%...as compared to last year's levels," while Dollar Tree CEO Gary Philbin said he's "extremely pleased with the momentum we are seeing in our business early in the second quarter."News from CNBC on US retailers positive. Activity back to 80% in comparison to last year.
DYOR
Ann: COVID-19 Business Update, page-90
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