Cashier Druhan Parker, right, works behind a plexiglass shield Thursday, Nov. 19, 2020, as he checks out shoppers Cassie Howard, left, and Paris Black at an in Chicago. The accelerating surge of coronavirus cases across the U.S. is causing an existential crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears.
Some, like Giftery, a small shop in Nashville, Tennessee, are adopting their own safety restrictions. To reduce respiratory particles that could spread the virus, Giftery is asking shoppers to refrain from talking on cellphones. O’Sullivan predicts that the economy won’t grow at all in the final three months of the year — down from his earlier forecast of a 3% annual growth rate in that quarter — and will shrink 2% in the first three months of 2021. He, like most economists, expects a rebound starting in the second quarter once a vaccine is widely distributed.O’Sullivan’s forecasts assume that Congress will agree on roughly $1 trillion in new stimulus for the economy by early 2021.
Yet many of those purchases have occurred online, with e-commerce sales having jumped 29% in the past year. By contrast, sales at physical retail stores, excluding autos, are essentially flat over the past 12 months.
MY EXISTENCE HAS BEEN HIDDEN FROM THE WORLD I AM MARGINALIZED FOR MY DISABILITY ASSAULT AND PERMANENT DISFIGUREMENT AND A 15 YEAR RECOVERY since 2006 NOT PROSECUTED COVERED UP I WAS A CHILD It's FAILURE to PROTECT AND CRUELTY TO CHILDREN It's CONSPIRACY
I’m not “spooked.” I’m cautious of a virus that has killed a quarter of a million Americans in eight months, and don’t owe myself as a sacrifice to freaking Target. Come on, AP. An unchecked pandemic is hurting the economy, not individuals trying to not get sick.
Where r the flu numbers? Has the flu disappeared?
Wealthy helped Trump get elected and stay in office, now they are paying the price while eliminating the little guy. Throwing the baby out with the bathwater has always been stupid and the innocent suffer.
We NEED HELP !!! WHERE'S TRUMP ? GOLFING OMG !!!!!!!!!!!---
Hottest Christmas gift commodity: giant package of toilet paper.
You do realize that people can't afford basic necessities, right? People don't go buy a bunch of holiday shit when they can't feed their kids. We're not 'spooked' you idiots, we're in dire straits.
The economy is people. Business operators need clients and customers, people do NOT absolutely need business. Unless corporations are willing to put help back into the people, support people, then the shortage of money in people's pockets will close shops. No money, no business.
Two words. Online and Amazon,
Don’t worry we’ll “build back better” ᕦ(ò_óˇ)ᕤ
Inflation and yeah those pesky trade war taxes are causing people to avoid stores. Utterly ridiculous to buy stuff people are going to toss in a closet and complain about anyway.
The virus isn’t spooking customers. The insane restrictions like masks and social distancing is making shopping a terrible experience. What used to be a pleasure is now a hassle.
168m Americans already have covid back in Jan 2020.
Recession?! Did you say recession?! Double dip?! Other than rich wall street investors & CEOs, we never climbed out if the first dip. Retailers and experts are in for a rude awakening come black Friday. No one out here has money to pay bills, buy food. The word is DEPRESSION!!
Despite the downstream effects, we ought to endeavor to be less of a consumer nation. Increase retirement savings. Buy less plastics.
Which Republicans will blame on Biden, as the Republicans blamed the 2008 recession on Obama.
That is Boom/Bust economics for you. AskGordonBrown he abolished that don't you know...
I stopped shopping at Walmart too many shoppers without masks and the workers are not helpful.
MMStewartNews pɿesֆ spreads the covid with their lies about Hɪllarʏ
duh.
Mark Meadows is sealed in American History by telling the Nation that Trump’s administration will do nothing TO SLOW DOWN THE SPREAD to of Coronavirus. We are at 260,294 US Deaths, future historians will look back at this key point in time & ask what compelled them to do nothing.
Thanks to GOP intentionally seeking to harm duly elected democracts, this will get much, much worse because they have no fvcks to give about americans. PassHeroesAct
Don’t know about anybody else, but I‘m still only buying essentials.
ERITREAN AND ETHIOPIAN TROOPS ARE COMMITTING A GENOCIDE IN EVERY PARTS OF TIGRAY WITHOUT DISCRIMINATION AMONG THE PEOPLE. Shire Zelambesa, Adigrat..
It’s ok. Joe will be giving us more free money. We won’t even have to work any more.
It's the media's reporting causing the panic, but you already knew that didn't you?
When did we leave the recession?
Perhaps President Trump should read this and get back to trying to deal with the crisis.
That’s why we have amazon
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