Costco Will Be a Winner as the Economy Reopens
Costco's (NASDAQ: COST) business and traffic will likely improve as the economy reopens. The company is well positioned as a safe option for people still concerned about COVID-19. Costco is also reopening its food courts and reintroducing sampled food, both popular with customers. Here's more detail about how the global consumer discretionary company is set to succeed through the current recession.
As the economy and stores reopen in the U.S. following COVID-19 lockdowns, some shoppers may be nervous about protecting their health. These cautious consumers may prefer stores that make them feel safer. According to research firm Ipsos, 61% of consumers are still "delaying brick-and-mortar retail for fear of getting sick." Ipsos also found that 62% of shoppers they surveyed would stop shopping at a business that they felt was not taking safety seriously.
Image source: Costco.com.
Source Fool.com
