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Historic falls in retail sales around the world spell doom for many chains

As retail sales figures begin to come in from countries where lockdowns have been in force, the true impact of the coronavirus pandemic on the industry is becoming alarmingly clear.  The result will almost certainly lead to the collapse of retail chains who might have been struggling before the pandemic arrived, with at least five chains entering some form of administration in the UK already and JCPenney among the household names on the brink in North America. While there was initial optimi