Assessment of the Real and Potential Risks Faced by the Retail Sector During the COVID-19 Pandemic—By Following the Corporate Dynamics of Carrefour and 7-Eleven

Zuyao Wang; Ziqing Su

doi:http://dx.doi.org/10.26855/jhass.2023.12.011

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Article Open Access http://dx.doi.org/10.26855/jhass.2023.12.011

Assessment of the Real and Potential Risks Faced by the Retail Sector During the COVID-19 Pandemic—By Following the Corporate Dynamics of Carrefour and 7-Eleven

Zuyao Wang^1,*, Ziqing Su²

¹University of New South Wales, Sydney, New South Wales, Australia.

²University of Sydney, Sydney, New South Wales, Australia.

*Corresponding author:Zuyao Wang

Published: January 9,2024

Abstract

The retail industry is the commodity sales industry in which products produced by industrial and agricultural producers are sold directly to residents for personal use or to social organizations for public consumption through purchasing and selling. Since 2011, retail businesses have encountered issues such as high costs, high competition, resource monopolies, low returns, and expansion difficulties. As the rate of return for retail enterprises decreases and their expenses rise, expansion becomes increasingly challenging. Since offline physical stores are the primary means of retail sales, the retail industry is highly dependent on high customer traffic. COVID-19 is a highly contagious upper respiratory tract illness; therefore, it can quickly spread in crowded, poorly ventilated environments. Consequently, the appearance of the epidemic will have a significant impact on the growth of the retail industry. This paper will explain the problems and risks of the retail industry and give solutions by analyzing the dynamics of the enterprises of Carrefour and 7-Eleven during the COVID-19 pandemic.

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How to cite this paper

Assessment of the Real and Potential Risks Faced by the Retail Sector During the COVID-19 Pandemic—By Following the Corporate Dynamics of Carrefour and 7-Eleven

How to cite this paper: Zuyao Wang, Ziqing Su. (2023) Assessment of the Real and Potential Risks Faced by the Retail Sector During the COVID-19 Pandemic—By Following the Corporate Dynamics of Carrefour and 7-Eleven. Journal of Humanities, Arts and Social Science, 7(12), 2460-2464.

DOI: http://dx.doi.org/10.26855/jhass.2023.12.011

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Assessment of the Real and Potential Risks Faced by the Retail Sector During the COVID-19 Pandemic—By Following the Corporate Dynamics of Carrefour and 7-Eleven

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