Retailers all across the country are feeling the pressure caused by the coronavirus pandemic and social distancing. Grocery stores, however, seem to be thriving in this environment. The urge from government officials telling their states and cities to stay home at a time like this has people rushing to grocery stores to stock up on food because of the uncertainty this pandemic is causing.
“Many of us in Western society have come to consider our food supply as rock-solid. However, with the prospect of being homebound for extended periods and the fear of stock-outs, many have rediscovered the grocery store anchoring the neighborhood shopping center after finding that online sources were unreliable and mob scenes at the warehouse club,” Gary Tenzer, co-founding principal at George Smith Partners, tells GlobeSt.com.
Read the full article: Bets on Grocery-Anchored Retail Are Paying Off (GlobeSt.com)
