Study: 9 of 10 nonfood retailers expect turnovers for 2020 to be affected by the Covid-19

Nonfood retailers are among the most affected by measures taken during the state of emergency to prevent the spread of Covid-19. 45 percent of retail tenants expect over 30 percent decrease of their turnover in 2020 and another 39 percent foresee up to 30 percent declines as a result of these at least 2 months of no trading, with slow recovery expected in the second half of this year, according to a study conducted by Colliers International’s Retail ...

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