Lessons for Retailers from the COVID-19 Outbreak
Thanks to the global outbreak of coronavirus, economies everywhere have been severely affected and consumer behaviour shifted rapidly. The consumer priorities have changed and the trend of shopping online has increased because of the movement restrictions in most countries. The retail sector has also seen these changes- they’ve seen a huge surge in demand for a lot of essential products. Retail POS software has helped retail store owners manage this huge demand well. However, non-essential products like computers, make-up, etc. have seen a decline in demand. Economies have been shaken everywhere and governments have been trying their level best to invest in order to reduce the economic damages. But, the developing countries like Pakistan, have had very poor luck when it comes to the government’s monetary response because the country was already in debt even before the COVID-19 outbreak. So, industries in developing and underdeveloped countries have been hit really bad. Coronavi