Costco, Walmart, Target Finally See Coronavirus Sales Traffic Fall
While non-essential retailers have closed, chains that sell groceries, household items, and the other things people need during an extended stay at home have thrived. Costco (NASDAQ: COST), Walmart (NYSE: WMT), and Target (NYSE: TGT) have benefited, but new data suggests the rush may have ended.
"Following several weeks of massive year-over-year visit increases, Costco, Target, and Walmart all saw traffic declines for the first time since the crisis began," Placer.ai, a foot traffic analytics platform, reported. "While Sam's Club still saw a year-over-year increase, it is likely to be as much an indication of the company's overall resurgence as anything coronavirus related."
Walmart has been one of the chains doing well during the pandemic. Image source: Walmart.
Source Fool.com
