Retailers brace as COVID-19 bears down on consumers and economy

Fox Business | Nov 21, 2020 at 6:15 PM
  • LaTonya Story is every retailer’s worst fear.
  • O’Sullivan predicts that the economy won’t grow at all in the final three months of the year — down from his earlier forecast of a 3% annual growth rate in that quarter — and will shrink 2% in the first three months of 2021.
  • As Story, the Atlanta consumer, and other Americans cut back and as colder weather ends outdoor dining in much of the country, consumer spending will likely weaken and hiring slow.