Andrea Felsted, Columnist

Retailers May Have to Strike a Grand Bargain

Nike and Apple are among the stronger names shuttering stores. Weak retailers would struggle with long closures. Time for compromises among stakeholders.

March 18, 2020 at 7:00 AM UTC

By Andrea Felsted

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Saks Fifth Avenue, Macy’s and Bloomingdale’s, Saks Fifth Avenue are among stores in New York temporarily closing their doors. — Saks Fifth Avenue, Macy’s and Bloomingdale’s, Saks Fifth Avenue are among stores in New York temporarily closing their doors.
Photographer: Scott Eells/Bloomberg

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Closeageddon is how analysts at Jefferies are describing the retail store shutterings in the U.S.

With chains run by big names such as Nike Inc, Apple Inc and Hennes & Mauritz AB closing doors, and icons including Macy’s and Bloomingdale’s joining them, the challenge facing the sector is worsening.