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New York's Reopening Data Shows 'Many Positive Signs' for Retail Recovery

“New York is a critical marker for the retail sector to understand its progress towards a recovery. And there are many positive signs that indicate a rebound is en route and ‘normalcy’ could be within reach.".

Initial data from the start of New York City’s reopening during the COVID-19 pandemic shows positive signs for retailers and other industries hit hard by shutdowns, according to local data provider Placer.ai.

Retail industry watchers are fervently tracking the market after shutdowns aimed at preventing the spread of the virus closed the doors of brick-and-mortar shops, cutting a central part of retail business. But date from New York, dating to mid-June, is offering hope for those seeking an economic rebound, according to a recent blog by Ethan Chernofsky, the vice president of marketing for the analytics start-up.

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Jacqueline Thomsen

Jacqueline Thomsen

Jacqueline Thomsen, based in Washington, is a reporter covering D.C. federal courts and the legal side of politics. Contact her at [email protected] and follow her on Twitter @jacq_thomsen.

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