The Pandemic Shows Why Daily Needs Retail Is Still EssentialAnchor Admin March 20, 2020
Daily needs retail is shining amid the coronavirus pandemic, as consumers rushed to local shops to stock up on essential items. The trend has revealed the necessity of grocery and other daily needs retailers in the community and has quelled conversations about grocery sales moving online, at least in any significant way.
“There is some segment of retail that will never go away,” Mike Sebastian, industry principal of investment management at Appfolio, tells GlobeSt.com. “Right now, the COVID-19 virus has shown the necessity of retailers like Costco, Target and Walmart. People are panicking, and they are going to go right to their local store. Those are doing exceptionally well. The smaller shops are having a much harder time competing.”
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