Americans continue to shop as if lockdowns have no end
Survival mode is hard to break out of. So, it seems, are the quarantine-driven shopping habits that go along with lockdown mentality. This past week, both Walmart and Home Depot posted earnings reports citing healthy increases in sales. Disposable income once spent on concerts and travel have gone into home projects, as indicated by the 17 percent increase in sales at Home Depot from August to October 2020. Now, as a new round of lockdowns seems imminent in response to Covid’s third wave (combined with a lack of financial assistance from Congress), Bloomberg’s Sarah Halzack points out: “Neither company issued guidance… suggesting they still anticipate significant volatility in the coming months.”
