scorecard
  1. Home
  2. Retail
  3. news
  4. These 5 companies and product categories could see a hit from the coronavirus outbreak

These 5 companies and product categories could see a hit from the coronavirus outbreak

Áine Cain   

These 5 companies and product categories could see a hit from the coronavirus outbreak
Retail1 min read
coronavirus

ANTHONY WALLACE/AFP via Getty Images

The coronavirus outbreak could prove to be painful for both the Walt Disney Company and Apple.

  • The deadly and fast-spreading coronavirus outbreak is slated to hurt the global economy, according to the Federal Reserve.
  • But that doesn't mean that the disease poses the same amount of risk to all companies and categories.
  • Luxury goods like high-end fashion lines and alcohol are particularly exposed, according to financial analysts.
  • Visit Business Insider's homepage for more stories.

The coronavirus outbreak in China will be felt around the world, both in terms of the tragic and deadly spread of the disease and its economic fallout.

The Federal Reserve predicted that the disease has "presented a new risk to the outlook" of the entire global economy. And retailers across the board have shut down their stores to avoid getting swept up in the outbreak. But some companies and product categories are more at risk than others.

Here's a look at five companies and product categories that could take a big hit from the coronavirus outbreak, according to analysts. None of the companies named by analysts returned Business Insider's requests for comment.

Signup Today: Free Daily Newsletter from Business Insider Intelligence


Advertisement

Advertisement