Professor of Economics Anoshua Chaudhuri quoted by KQED about the impact of COVID-19 on retail

Gap Inc. has stopped paying rent on its North American stores, and Professor Anoshua Chaudhuri believes more retailers could do the same - even after shelter-in-place orders are lifted.

"People are going to hold back on their demand for things that they don't really need," Chaudhuri said. "They're going to save as much as possible. If there's no demand from consumers, it's going to hit these stores very heavily."

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