There's going to be consolidation in the retail industry as struggling retailers fold, and the biggest players with robust online operations and logistics and deep balance sheets stand to gain when the dust settles and the survivors get to increase their market share.
Totally unrelated to stocks, but the CFO of my company (a major mutual, ie non-traded life insurance company) held a call early this month to talk COVID impact, and one of his big points was that because our financial position is so strong, we'll be in great shape when other less well positioned companies have to sell off premium assets at a discount.