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Coronavirus freezes consumer-driven US economy, testing retailers
The crisis tests all retailers, leading to temporary store closures at companies like Apple and Nike and manic buying of food staples at supermarkets and big-box retailers like Walmart even as many outlets remain open for business - albeit in a weirdly anemic consumer environment.
PHOTO: AFP
[NEW YORK] The coronavirus outbreak has transformed the US virtually overnight from a place of boundless consumerism to one suddenly constrained by nesting and social distancing.
The crisis tests all retailers, leading to temporary store closures at companies like Apple and Nike and manic...
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