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The COVID-19 pandemic has caused havoc on most of the top 25 publicly traded global retailers, according to a study that United Kingdom-based GlobalData conducted.

“Generally, the impact has been catastrophic,” GlobalData’s Managing Director Neil Saunders tells GlobeSt.com. “As most of physical retail has closed across the world, retailers have seen sales fall at an unprecedented rate. This has left most unable to cover their basic operating cost leading to massive losses. Those with weak balance sheets or high debt loads are now in trouble.”

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Robert Storace

Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.

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