With growing coronavirus fears, grocery-store dry goods and bottled water are being bought out — but it's not really necessary
Anticipating the spread of the novel coronavirus in the U.S., many American shoppers are doing what they do best: Buying in bulk. Big stores like Costco and Walmart as well as smaller grocery chains and local markets are reporting sales spikes as concerned buyers snap up items like hand sanitizer and large quantities of non-perishable foods as if preparing for a hurricane. Suddenly, every aisle of every store is Guy's Grocery Games.
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Chattanooga real estate developer turns Cookeville shopping mall into donation site - WRCBtv.com
A Chattanooga real estate development company is using part of its Cookeville property to help with tornado recovery efforts.
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Phillips and his team turned part of their untouched space into a donation center, hoping to be a hub for hope.
"We’ve collected water, diapers, non-perishable foods, etc. and the outpouring from the local community has been just amazing," he said.
"It reminds me a lot of the tornado that happened here in 2011 in Ringgold and in Apison," Phillips said.
Five businesses destroyed in fire at Cherry Hill shopping center | PhillyVoice
A fire broke out on March 6, 2020 at a Cherry Hill shopping center located at 484 Evesham Road. Several businesses were destroyed by the flames, firefighters said.
Firefighters in Cherry Hill battled a fierce blaze on Friday morning that destroyed several businesses at a shopping plaza.
The fire broke out just before 11:00 a.m. at the shopping center on the 400 block of East Evesham Road.
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By noon, the flames were brought under control and all of the occupants of the businesses were confirmed safe, firefighters said.
Virus fueled shopping frenzy leads to shortages in ABQ stores » Albuquerque Journal
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Bloomberg - Are you a robot?
Costco says it’s getting a boost from coronavirus panic shopping | KTLA
The company said Thursday that sales at its stores open for at least one year, a key metric, increased 9.1% during its previous quarter compared with the same period last year.
Sales at Costco in February were up 12.4% from a year ago. The company attributed around 3% of that to “an uptick in consumer demand” from concerns over coronavirus.
“Members are turning to us for a variety of items associated with preparing for and dealing with a virus,” Costco CFO Richard Galanti told analysts on a call. These items include dry grocery items, cleaning supplies, Clorox and bleach, water, paper goods, hand sanitizers, sanitizing wipes, disinfectants, health and beauty aids.
West Palm Publix-Anchored Shopping Center Sells For $12M
A Publix-anchored shopping center sold for $11.65 million in West Palm Beach, reflecting heightened investor demand for retail stores anchored by the grocery giant.
Paradise Place Station LLC, tied to Cincinnati, Ohio-based Phillips Edison & Company, sold the 74,495-square-foot property at 4075 North Haverhill Road for $156 per square foot, records show. CC Paradise Place, tied to Collett Capital of Charlotte, North Carolina, purchased the property.
Drunk Shopping is a $44.9 Billion Industry in the U.S. – WWD
According to Finder’s latest drunk shopping survey, almost a quarter of American consumers shop while intoxicated. Which is good news for retailers, like Nordstrom , who have in-store bars .
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While the percentage of Americans who admit to shopping under the influence decreased slightly in the past year to 22.9 percent, compared with 26.4 percent in 2019, the average spending on drunk purchases has increased from $674.96 to $768.58. In total, Americans spent $44.9 billion on drunk purchases in the last year.
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SXSW 2020 Canceled Amid Coronavirus Fears https://t.co/7LgzEMengL Variety (from Los Angeles, CA) Fri Mar 06 22:02:47 +0000 2020
Employers added +273K jobs in February. Unemployment rate falls back to 3.5% - the 50-year low. Job creation revise… https://t.co/Q3sDoGmmND dagenmcdowell Fri Mar 06 13:45:39 +0000 2020
An Australian newspaper printed an extra eight pages to be used as toilet paper after coronavirus fears prompted cu… https://t.co/xOYimlb93Z CNN Sat Mar 07 07:22:34 +0000 2020
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