Insight

Nike, Lululemon, Walmart & Others Continue to Temporarily Close Stores and Reduce Hours as Omicron Cases Spike

< BACK TO INSIGHTS

Insight

Nike, Lululemon, Walmart & Others Continue to Temporarily Close Stores and Reduce Hours as Omicron Cases Spike

The recent Omicron spike forced many retailers to adjust their operations. Managing Partner Matt Katz was featured in Nike, Lululemon, Walmart & Others Continue to Temporarily Close Stores and Reduce Hours as Omicron Cases Spike in Retail Dive about the challenges facing retaillers during this time.

Matt explains what retailers have been faced with during the ebbs and flows of the pandemic, “The coronavirus continues to be a start-and-stop issue — once we think we’re over the hill and we’re going to be okay, things have reverted. I think it’s difficult for a national retailer to have one policy because… [there’s] variation in severity across the country and across the globe.” 

He continues to emphasize the complicated nature of the pandemic’s impact, “This is a health crisis, an economic crisis, and a social crisis. It’s not enough [for retailers] to offer more money to someone to come back… we need to ensure that our teams are safe.”

Read the full article here.

Authors

Related Services

Recommended Insights

Insight

How the U.S. Presidential Election Is Ratcheting Up Risk for Fashion Stocks

Matt Katz shares key considerations for retailers navigating today’s complex market in this WWD article.

Learn More

Insight

Solutions Designed for Retail Associates Need to Keep the Customer Experience in Mind

As retailers continue to test new in-store solutions to cut costs and accommodate labor shortages, it is essential to consider the impact had on the customer. Nick Kramer outlines the potential implications of these new retail solutions on the in-store shopping experience in this Retail TouchPoints article.

Learn More

Insight

For LendingClub and SoFi, a Rate Cut Rally is Coming

Online lenders are often smaller and less-experienced, leaving them open to additional risk compared to traditional lenders. Pierre Buhler outlines the risks facing digital lenders in this The Information article.

Learn More

Stay up-to-date with our latest news

Name(Required)