Economy COVID-19 impact: 20-25% restaurants, retailers, apparel makers to shut post COVID-19 if no assistance Updated : April 13, 2020 03:16 PM IST The industry expects it to take anywhere between 9-12 months before it can expect any recovery. The manufacturing of apparels, stores, malls, and restaurants have been shut down owing to the nationwide lockdown. In view of these challenges, the apparel, retail and hospitality industry has sought financial assistance from the government. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.