Coronavirus fears drive demand for necessities at big retailers

Worries over the spread of coronavirus are causing “aggressive shopping” in big stores, the St. Louis Business Journal reports.

Target CEO Brian Cornell said there haven’t been big changes in the company’s financial performance, but that concerned shoppers are clearing shelves of necessities. There has been an increase in traffic in Target stores nationwide, the Business Journal reports. The chain has 38 stores in Missouri.

Other retailers have noticed increased demand and updated their approach to the spreading coronavirus.

Walmart is expecting a financial hit, but it plans on keeping stores in China open, Business Insider reports.

Walgreens has noticed a higher demand for sanitation products, like face masks and hand sanitizer.

Costco’s website sold out of core food items, such as peanut butter and macaroni and cheese, the Wall Street Journal reports.

“Like all of you, we’re monitoring the situation hour-by-hour as conditions evolve,” Target CEO Brian Cornell said in the Business Journal.


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