Some have called it the “Retail Apocalypse” others called it “Ugly March”, and soon, we’ll be hearing about “Hideous April” too. But there’s no denying that businesses, especially those in retail, were some of the hardest hit during this pandemic.
Retail and grocery might feel like the wild west these days. Shoppers scour the aisles for toilet paper, hand sanitizer, and household cleaning products. Customers book coveted time slots for pickup and delivery as soon as they appear. Restaurants sell groceries to locals.
Unless you’ve been off-grid the past few weeks, you know COVID-19 is here, and it’s having a significant impact on shopping behavior. Not only are consumers stocking up on products they normally would not buy, they’re facing product shortages and having to shop in different stores or seek out what they need online.
Coronavirus is here. Unless you were living in a cave, you've undoubtedly seen the media pandemonium, heard people talking about it, or seen and felt the effects of it on both travel and the stock market.
According to this Nielsen investigation, consumers are rushing to create "pandemic pantries" across the US, China, and Italy. This means retail is not immune from the effects of the virus either, presenting some symptoms that, if not treated, can result in some long-term negative effects.