Dibble and others have also plunged into their project cars, and it's been a boon for auto-parts stores. An April 7 report from the UBS Evidence Lab revealed which retailers are winning, and losing, from the coronavirus pandemic. For two time periods in the latter part of March, UBS' research team asked 1,000 consumers in the US which stores they were planning on visiting in the next week. These consumers also noted which stores they planned on ordering goods from online.
On March 19, the most consumers said they were planning on going to Walmart and Target, while the least popular stores included Ulta and Dick's Sporting Goods. By March 26, certain retailers popped in customers. Plans to shop at Kroger, Target, and Sam's Club increased by nearly four percentage points — not surprising, considering that customers were loading up on essentials like toilet paper and canned food as states leaned towards shutting down "nonessential" businesses.A more surprising uptick in UBS' analysis included AutoZone, Advance Auto Parts, and O'Reilly Auto Parts.
"You hear that everyone should stay inside," Dibble said. "But every time I'm in [Advance Auto Parts], there's whole bunch of other guys looking around to buy something." that a sluggish economy might unexpectedly buoy automotive repair stores once folks are driving their cars to work again. Fewer new-car purchases mean that people will need to go to repair shops to keep their older cars chugging along.
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