Chapter
The Future of Malls and Retail Shopping in the Post-COVID World
45:19 - 51:02 (05:42)
The COVID-19 pandemic has accelerated the decline of malls and traditional retail shopping. The future of these establishments is uncertain as some will have a fast closure while others will undergo a slow and painful exit.
Clips
Independent retail operators, including restaurants, typically have only 14 to 21 days of cash on hand, so during a crisis it's important to prioritize safety, preserve cash, not ask people to travel, pause advertising spend, and negotiate with vendors to help with near-term obligations.
45:19 - 47:26 (02:06)
Crisis Management
Summary
Independent retail operators, including restaurants, typically have only 14 to 21 days of cash on hand, so during a crisis it's important to prioritize safety, preserve cash, not ask people to travel, pause advertising spend, and negotiate with vendors to help with near-term obligations.
ChapterThe Future of Malls and Retail Shopping in the Post-COVID World
Episode#110 with Kat Cole - Ideas From the Head of a $4B+ Business
PodcastMy First Million
In the face of mall closures and a redistribution of retail shopping, leaders must provide clarity and navigate unprecedented amounts of information to help businesses adapt to the new normal.
47:27 - 51:02 (03:35)
Retail
Summary
In the face of mall closures and a redistribution of retail shopping, leaders must provide clarity and navigate unprecedented amounts of information to help businesses adapt to the new normal.