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The coronavirus pandemic significantly changed almost every aspect of life. One of the biggest impacts occurred within the retail sector, heavily altering the performance of retail companies, as well as how we as consumers interact with them. All these changes became clearly reflected in the retail stock market.
The pandemic, through various ways, has massively affected the value movements of countless retail company shares. From the initial COVID-19 impact in 2020, all through to the end of 2021 and beginning of this year, retail shares have undergone rapid changes on a global scale.
By reading on, you will gain a thorough glimpse into the many ways that the pandemic has affected retail shares, and what this might entail for the future retail stock market – and its professional traders.
How has the pandemic impacted retail shares?
The first wave
The pandemic first impacted retail shares in the early stages of 2020. Once the pandemic had grown to become a severe global concern, the majority of countries imposed their first lockdown restrictions. As a result, businesses were closed down, workers were sent home, and the often-smooth flow of the retail sector seemed to come to a halt.
With the financial futures of retail business in such uncertainty, there were several stock value decreases across the entire market. Not only were sales rates low, but traders began to question the likely success of many retail companies, and thus, the stock values starting dropping.
Some companies even saw greater misfortune and went into administration – along with all their shares. Debenhams (DEB), one of the UK’s major retailers, went into administration in April 2020, before succumbing to liquidation in December. This resulted in all the shares being s… Read More
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