have flocked to Costco stores across the country to stock up on water, paper towels, sanitizing wipes, and other household goods. The company told analysts Thursday it has been receiving deliveries daily. It also said, in some instances, it is placing limits on how much people can purchase. "February sales benefited from an uptick in consumer demand in the fourth week of the reporting period," the company said. "We attribute this to concerns over the coronavirus.
Widespread disruption brought on by the coronavirus outbreak has hammered global supply chains and spurred Chinese companies to declare "force majeure" — a provision that exempts them from contractual obligations. But experts warn that such a move may not work. According to the China Council for the Promotion of International Trade, a government-linked entity, China has issued 4,811 force majeure certificates as of March 3 due to the epidemic. They covered contracts worth 373.
Fire Rick Santelli
BOO! GoodMorning, wussified & scared of your own shadow world 😱SELL ur Stocks! Head for the Hills-Get Survival food Supplies! And Read a Book: The Magic Mountain-Humanity is Sick-We all want to live in a sanitarium
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Costco says coronavirus fears gave it a sales boost and stirred up 'crazy' demand - Business InsiderShoppers are descending upon warehouses to buy cleaning supplies, water, paper goods, and hand sanitizers, according to Costco CFO Richard Galanti. Disaster capitalism is neat that way. Any 3M heirs are free to look me up i assume retailers, pharmaceutical, cleaning products and food companies will be posting strong quarterly earnings the next time they report The problem with this sort of demand is that it's not sustainable. In fact, it will backfire later once the initial hoarding period is over. People will pause buying at $COST either because of overbuying or socialdistancing. Same goes for $KR. It will backfire eventually.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Costco says it's getting a lift from coronavirus panic shoppingCostco logged strong sales growth during its latest quarter, as shoppers race to stock up on cleaning products, household essentials and food as the coronavirus outbreak spreads. Meanwhile healthcare workers and veterinarians, etc can't get hand sanitizers Graphic designer said stock up
Source: CNN - 🏆 4. / 95 Read more »
Deputies called after angry Costco customers balk at coronavirus shortages of water, toilet paperSheriff’s deputies were called to a Costco in Chino Hills on Thursday when a crowd of customers became unruly after finding that items such as water, paper towels and toilet paper were out of stock, presumably because of coronavirus-inspired buying. Jesus people, let’s hold it together. Be kind. There are other stores that sell in bulk. Like pretty much every grocery store.. They shouldn't have waited so long to buy supplies. It's California, everyone should have disaster supplies anyways. Earthquakes and wild fires plague our state continually. If u fail to be prepared , it YOUR fault, not the stores fault.
Source: latimes - 🏆 11. / 82 Read more »
Coronavirus live updates: South Africa confirms first case, US to order more masksAs of Thursday, more than 95,700 cases of coronavirus have been reported, resulting in at least 3,280 deaths. now shit is going to hit the fan!!!! 😲😲😲😲😲😲😲 The hottest biz around the world is mask manufacture but not 3M. More domestic usages and surgical masks
Source: CNBC - 🏆 12. / 72 Read more »
South Korea reports 438 new coronavirus cases, less than previous daySouth Korea confirmed 438 new coronavirus cases on Thursday, a slight decrease f... O Brasil não está nem aí para o vírus, e ainda diz que é como um vírus de gripe comum. E ainda dizem que o povo divulga Fake News sobre o vírus e criam alardes desnecessários. Uhhhm, you guys? Coronavirus is the common cold.... Just sayin!🙄
Source: Reuters - 🏆 2. / 97 Read more »