Clothing Stores Reopening

 Clothing stores received the approval to open up in multiple states including Ohio. One of the local retailers based in Columbus L Brands plans, as of
 A statement made at the beginning of the COVID-19 Pandemic in the United States informed us that this would take affect immediately:
"The cash compensation of Chairman and CEO Leslie H. Wexner and other members of the Board of Directors has been suspended. 
We are temporarily reducing base compensation by 20 percent for senior vice presidents and above.  Additionally, the company is deferring annual merit increases for all associates.
We are suspending our quarterly cash dividend beginning in the second quarter of fiscal 2020.
We are executing a substantial reduction in expenses and capital expenditures. 
We will be furloughing hourly associates who support the businesses that are not operating at this time."
Not stated in this briefing were over 50 Victoria's secret stores (owned by L Brands) closing to limit their loss in profit margin. Other companies are taking similar steps including a giant clothing and apparel rival, Gap Inc. L Brands and competitors plan to return to normal activities and claim that it is possible to run 100% even though 2% of stores have closed in the United States.

https://www.lb.com/associates/covid19/covid-19-guide

 This past weekend, several states started to re-opened their economies. Certain stores, such as salons and retailers have opened their businesses back up. Wow the United States is starting to see a decline in coronavirus cases, it appears that we may not return to normalcy for quite some time. Treasury secretary Stephen Mnuchin believes that the economy will re-open in June and will start to rebounds in July, August, September. Do you agree with Mnuchins believe that the economy will resume and bounce back within the next couple of months?  Do you think that the effects of this economy shut down will last for years?

https://www.wsj.com/articles/virus-fallout-continues-as-u-s-deaths-near-54-000-11587885746?mod=hp_lead_pos1

As States Push to Reopen, Business Leaders Say Not So Fast

In an article published to The New York Times, business executives are asked for their take on what seems like an early reopening of the economy in select states. Many responded by saying that they refuse to open because the effects of a second shut down would be much more devastating then just staying closed. Many others expressed that they feared for the health of their employees and would judge when to reopen based on the feedback they received from them. There are a lot of fears that if these businesses decide to open too early that they will be met with no business and that a lot of their employees would not be willing to come back.

What do you think? Do you think that it's too early for non-essential businesses to reopen? Or do you think that they need to open to help the economy?