Cashflow and turnover were the key sources of stress for one third of survey respondents, compared to just 10 per cent who said the end of JobKeeper is their primary concern. But it might not be so straightforward, since the cuts to JobKeeper payments that are coming at the end of September 2020 and again in March 2021 could lead to cashflow and turnover problems.
These are telling statistics, said Andrew Spring, a partner at Jirsch Sutherland, in a media release about the survey results.
While it might seem as if Covid-19 has already wreaked havoc on the retail sector, judging by the high-profile collapses of Seafolly, Tigerlily, T.M. Lewin, PAS Group, G-Star Raw and Kikki K over the past five months, the number of retailers that enter…
Read the full article at: https://insideretail.com.au/news/more-than-half-of-retail-directors-expecting-to-restructure-survey-202007