A tale of two pandemics: Big-box stores rake in record profits while small businesses fold

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A tale of two pandemics: Big box stores rake in record profits while small businesses fold.

With coronavirus cases continuing to rise in parts of the country, people aren’t venturing out to shop as much as they did before, causing a blow to mall retailers and small businesses that were not categorized as essential services during the first days of the virus.

“What used to happen before the pandemic is people used to shop at different stores for different products — and that has been disrupted because they don’t want to go outside,” said Neil Saunders, managing director of GlobalData's retail division. “The stores we do visit are the ones that are capturing more of our spend, and Target and Walmart have really benefited.”

There is no comprehensive data on how many small businesses have closed since the pandemic. But from March 1 to Aug. 11, about 155,000 business shuttered,.

 

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Wonder which party’s policies caused that... Walmart ok. Local mom & pop store not ok. WalkAway

Exactly what democrats wanted.

No shit. They were shut down for months, or still are. The fuck did you think would happen?

Well here, look.. I support that. Experience Trump 's COVID-19 is given responsible of t he brutal program that FEMA general individuals hope have extraordinary duty to take who walk to service to our Medicare-like public American nation - and perso n to continuin

March 1 – 1 Dead April 1 – 6,460 Dead May 1 – 67,044 Dead June 1 – 109,509 Dead July 1 - 131,013 Dead Aug 1 - 156,764 Dead Aug 23 - 178,692 Dead

Some of it is inevitable, although it is clear that the president is almost myopically focused on boosting stocks (big companies)

This administration should be ashamed of itself, especially Mitch McConnell! SmallBusiness GOPBetrayedAmerica

Because many small businesses were FORCED TO SHUT DOWN. Political games played at OUR expense, and NBC is wholly complicit.

Truth is mom and pop stores can't keep up with the move online. Personalized service ain't a thing when nobody wants to see anyone.

Because, according to brilliant politicians, it was safer to enter a Home Depot with 300 people, than to enter say - a local jeweler or shoe store and share space with three other customers.

This was happening before the pandemic. The pandemic just exacerbates it because you naturally have even more reason to spend less time shopping. But again, this trend was well underway before Covid.

Talk to CCP. KungFlu. ChinaVirus

Pandemic shift to contactless shopping means small business can't keep up with offering the same options as big box savesmallbiz

Democrats continue to sell out and destroy mom and pop shops while claiming they're against corporate giants. End the hysteric shut downs.

yes---have a good glass of wine---sit in a nice quite space, and contemplate what the possible reason for this is----

Just more proof that America is founded on small businesses and not the “evil wall streeters” that Democrats want you to believe. Much of Americas wealth is SMB owners who were decimated by lockdowns and government control !

Budget shortfalls lack of money so rich can hide it offshore. Top 20% dictating to the rest because they can buy politicians. Wages stock transfer tax basic income $300 month health insurance main issues NOT Qnon Russia or other bullshit

AOC demanded that all governors must keep all businesses shut down because if the economy started to pick back up TRUMP would win. Yes she tweeted it and took it down and then lied she tweeted it

Does the American small businesses offer the Chinese made iPhone?

Dems hate mom and pop shops. Open the doors. End the shut down.

This will only accelerate, highlighting the ever more urgent need for livable wages for the FORTY SEVEN PERCENT of working Americans in these jobs. This isn’t a “personal choice/responsibility” issue. This is about surplus value and our collective failure of morality.

If regular street stores impress consumers with the sensible, traditional method of shopping in-person, on-line buying will fall greatly. On-line buying is a headache: 1. Wrong items; 2. Tardy deliveries; 3. Difficulty canceling/ returning; 4. Damaged items; 5. Refunding is hard.

Why are you surprised?

True story. PhilMurphyNJ is killing small business. It is insanity

The USPS slowdown will finish them off. They can't afford to create their own delivery infrastructure. Why isn't the govt helping small business develop an online presence? There are several programs in Canada offering free assistance. There is a Shop Local campaign.

Yeah... Democrats did that to their small business people. They did it while catering to corporate thugs. It's what they always do.

Criminal

The result of shutdowns! The little guy always suffers first!

The Great Homogenization accelerates

Rich people get richer and the marginals lose their jobs, and their homes.

And the small businesses could have enforced social distancing more easily

Trump only cares about big business, his economic model is very transparent.

The media and the DNC are causing the demise of small businesses with their COVANIC. If you are elderly and/or have an underlying condition, self-quarantine. Everyone else should get back to living.

Before the pandemic TV stations would buy video of local news from freelance cameramen. Now TV stations fill news shows with pandemic and election news and have little need for buying video. So small businesses need to just roll with things like everyone else. brian4NY

You can blame the politicians for small businesses folding.

That's the government picking winners and losers.

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