Categories: News

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.”

Related Post
The Counter and The Counter
Share
Published by
The Counter and The Counter

Recent Posts

Grist acquires The Counter and launches food and agriculture vertical

Grist, an award-winning, nonprofit media organization dedicated to highlighting climate solutions and uncovering environmental injustices,…

3 days ago

Is California giving its methane digesters too much credit?

Every year, California dairy farms emit hundreds of thousands of tons of the potent greenhouse…

2 years ago

Your car is killing coho salmon

Highway 7 runs north-south through western Washington, carving its way through a landscape sparsely dotted…

2 years ago

The pandemic has transformed America’s dining landscape into an oligopoly dominated by chains 

One of the greatest pleasures I had as a child growing up in the Chicago…

2 years ago

California is moving toward food assistance for all populations—including undocumented immigrants

Undocumented immigrants experience food insecurity at much higher rates than other populations, yet they are…

2 years ago

Babka, borscht … and pumpkin spice? Two writers talk about Jewish identity through contemporary cookbooks.

Writer Charlotte Druckman and editor Rebecca Flint Marx are both Jewish journalists living in New…

2 years ago