Walmart and other big-box stores like Target and Home Depot have reported strong third-quarter earnings, The Economist reports.
Simeon Gutman of Morgan Stanley told The Economist that such companies get a huge edge from e-commerce, and can draw from "diverse, global supply chains," to keep products in stock and allow shoppers the convenience of one-stop shopping. That's especially appealing during a pandemic when people are trying to avoid unnecessary trips.Growth in retail sales overall is slowing, Mitchell Hartman reports for Marketplace. Retail sales grew less than one-third of one percent from September to October, reflecting a gain much weaker than expected and much weaker than September's figures, according to newly released figures from the U.S. Census Bureau.
Many small retailers in rural areas, who had a harder time accessing federal aid, are having an especially difficult time. Several rural retailers in Garrison, N.D., especially restaurant owners, spoke about the difficulties of staying in business when state orders limit indoor seating, P.J. Walker reports for KX News in Bismarck, N.D.
A Garrison florist said her store was doing better than expected though, Walker reports. That's because more people are sending flowers to loved ones in nursing homes and more people are sending flowers to funerals, many from covid-19 deaths.
from The Rural Blog https://ift.tt/3nXonh1 Walmart, similar big-boxes stores come out on top during pandemic as consumers seek one-stop shopping - Entrepreneur Generations
0 Response to "Walmart, similar big-boxes stores come out on top during pandemic as consumers seek one-stop shopping - Entrepreneur Generations"
Post a Comment