March 25, 2020
4,257
69
7
1.79%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:02Now PlayingThousands of stores have gone dark. Shoppers have pulled back on discretionary spending. Thanks to the spread of coronavirus, retailers around the country are suddenly experiencing what’s it’s like to lose all of their revenue. “We’re all experiencing a shutdown of our business,” said fashion mogul Tory Burch, the founder of the eponymous brand in an interview on Tuesday. “In some cases, we have no revenue. In some cases, we’re limping along.”
Faced with such a bleak outlook, the industry is seeking immediate government aid to shore up its finances and save millions of jobs. Burch is leading the coordinated effort with the support of trade groups and dozens of retail executives. “We need help now. Or an entire industry could fail,” she said.
Read the full profile on Forbes
Subscribe to FORBES
Stay Connected
Forbes newsletters
Forbes on Facebook
Forbes Video on Twitter
Forbes Video on Instagram
More From Forbes
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.