The Wal-Mart Advantage
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wrote on 15 May 2020, 12:41 last edited by
During our mitigation phase, Wal-Mart's business has chugged along. IMO, because while other stores might be closed, people could buy paint, car batteries, toys, clothes, jewelry, knitting yarn, etc., along with your groceries.
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wrote on 15 May 2020, 12:44 last edited by
More than chugged along. Their stock hit an all-time high three weeks ago.
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wrote on 15 May 2020, 12:49 last edited by
@jon-nyc my retirement guy said the same thing about a month ago. He commented on Costco, Walmart and the like how they're doing well. However hospitality and transportation are in the toilet (at the time we talked he said that Marriott was about ⅓ of it's value in February.
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wrote on 15 May 2020, 12:56 last edited by Jolly
Wal-Mart had an unfair advantage. Other stores were non-essential and closed. Wal-Mart sold similar items, but could remain open because of their grocery business.
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Wal-Mart had an unfair advantage. Other stores were non-essential and closed. Wal-Mart sold similar items, but could remain open because of their grocery business.
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Wal-Mart had an unfair advantage. Other stores were non-essential and closed. Wal-Mart sold similar items, but could remain open because of their grocery business.
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wrote on 16 May 2020, 13:00 last edited by
@jodi said in The Wal-Mart Advantage:
@Jolly some stores roped the areas to those items off. Ours didn’t.
Ours did not.
And...The Wal-Mart Neighborhood Markets, which are essentially grocery stores, still have some goods at Wal-Mart prices that regular grocery stores do not have or may have at much higher prices.
Motor oil and repair hardware (toilet kits, latex calk, screws, etc) come to mind.
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wrote on 16 May 2020, 13:48 last edited by
In VA, we had Lowe’s, Home Depot, etc... open, and any retail store so long as they had under 10 people in the building was allowed to remain open. I think a lot of businesses didn’t understand Northam’s order and closed entirely. We had a lot of furniture stores stay open.