In the latest instalment of Industry Insights, Ilana Elbim, Senior Credit Analyst, reflects on a better-than-expected Q2 earnings season for retailers and examines the outlook for the sector as it continues to navigate the impact of the coronavirus pandemic.
Against the backdrop of coronavirus-related lockdown restrictions in many countries, retailers with “good channel diversification” fared well in the second quarter. “Ecommerce has been a significant driver for most retailers, especially those investing in their digital capacity,” Elbim explained.
Going forward, however, retailers remain cautious. To find out why, watch the short video below.