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China supply-chain concern 'overblown,' real issue is demand: former Toys R Us CEO
How will social distancing suppress the US consumer?
Former Toys ‘R’ Us chairman and CEO Gerald Storch discusses how social distancing is depressing demand due to the coronavirus and how it could permanently impact the consumer.
Former Toys R Us CEO Jerry Storch told FOX Business' Stuart Varney on Tuesday that concerns about disruptions to China's supply chain amid the novel coronavirus outbreak are "overblown," and the real issue for retailers lies with "demand."
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"The supply-side issue has been largely overblown," Storch said during a Tuesday appearance on "Varney & Co," adding that China appears to be getting back to work.
Storch added that "the real issue has always been demand," which will have a direct "effect on the economy."