EY Cyprus COVID-19 Updates
COVID-19 Industry Pulse Report: Retail Sector
Executive Summary
The rapid spread of COVID-19 pandemic has caused an unprecedented global shock, both on a humanitarian and an economic level. As most countries are relaxing lockdown measures, uncertainty in navigating the impact of the pandemic on the economy remains.
As part of our efforts to contribute to the understanding and discussion of the impact of COVID-19 on the Cyprus economy, we are pleased to share a new Industry Pulse report on the Retail sector, adding to the series of reports for Banking, Real Estate and Tourism Sectors.
This report aims to provide a sector-specific perspective on the COVID-19 impact, fiscal and monetary policy, recovery scenarios, trends and recommendations. The Retail sector is now facing a downturn triggered by extraordinary changes in consumer behaviour and, as such, there is a real challenge in deciphering and capturing the magnitude of the impact.
Stay safe and connected.
For additional information with respect to this Alert, please contact the following:
Stelios Demetriou
Partner, Head Strategy and Transactions
+357 22 209 746
Athanassios Mavros
Partner, Advisory Services, EY Greece
CESA Leader for Sypply Chain & Operations
+30 210 288 6009
Charalambos Constantinou
Partner, Head of Advisory Services
+357 22 209 774
Charalambos.Constantinou@cy.ey.com
Alexandros Pericleous
Director, Strategy and Transactions
Tel: +357 22 209 793
Alexandros.Pericleous@cy.ey.com
Renos Solomides
Manager, Strategy and Transactions
Tel: +357 22 209 748
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