Based on the latest KPMG analysis emerging community shops and online shops have increased their trading volume and attracted a mass of new customers during and after COVID-19 outbreak in China. Current situation may introduce new opportunities to those retailers who are able and to rethink their business model. In line with trend of long-term business development, enterprises should strengthen their capabilities in the following areas:
Do not hesitate to contact me in case of any questions about this topic – Ivana Mazániková, Partner responsible for retail and consumer markets.
The current outbreak is undoubtedly a major blow for brick-and-mortar retail businesses which require large footfall.
The current outbreak is undoubtedly a major blow for brick-and-mortar retail businesses.
KPMG’s global Retail practice is a network of experienced professionals based in member firms around the world.
KPMG’s Retail practice is comprised of experienced professionals based around the world