The coronavirus is having a huge impact on the wider retail economy, and it is likely that this effect will only grow in magnitude as CDC recommendations become stricter. However, there are sectors that are still performing well amidst the pandemic and there are critical takeaways. And these lessons don’t just apply in the face of a once-in-a-century virus, but also during more regular disruptions like inclement weather, economic downturns and more.
Supermarkets especially have been at the forefront of news and consumer concerns. How have these retailers been holding up amid virus panic? Are traffic patterns similar to those of wholesale grocers, with surges in visits, or are people avoiding leaving their homes and resorting to delivery? We dove into the latest data surrounding the pandemic.
When discussing the impact of the Coronavirus on wider economic trends, the focus will likely center around hard-hit sectors like travel. But there are also areas of economic resilience, at least in the early days.
Imagine a place that has a near-constant flow of people during a period where there is national worry over a spreading virus. One would clearly expect visits to decline for such a location. Yet, the QSR sector, seemingly against all odds, doesn’t appear to have been heavily impacted by wider coronavirus concerns just yet.
In the midst of widespread closures, there are many brands that are still growing with companies like Nike and Lululemon. Yet, most of these names are not retailers on the rebound, but brands on the rise.
Two of the more exciting retailers have big earnings calls on the horizon, providing a unique opportunity to see if they’re 2019 end and early 2020 have lived up the hype. While these reports take into account a wide variety of factors, the early foot traffic returns look exceptionally promising.
The core perspective from which we analyze the spread of Coronavirus should always center around health and safety concerns. Yet, an epidemic of this magnitude also has secondary consequences, including a heavy toll on global economic activity. The US stock market has been hit especially hard driven by concerns over supply chain viability, drops in global travel, consumer fears and more.
The wholesale sector is among the most interesting in retail with one of the industry’s steadiest performers, a recovering giant and Walmart’s own entry into the mix. So we decided to dive in and check in on the offline performance for Costco, BJ’s Wholesale Club and Sam’s Club.
With Black Friday and Super Saturday serving as anchors, Q4 is arguably the most popular time for shoppers to hit the stores. With endless amounts of sales and promotions, retailers are bound to see a bump in traffic throughout Q4 and the holiday period. So, we analyzed eleven of the top offline apparel retailers to see how they closed out 2019.
It’s always risky to bet against the king, as few in retail boast the same record as Target over the last few years. Following weaker than expected holiday earnings, excitement around the company tapered off. But is this deserved?