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 1. Business
 2. Outlook and Benchmarking


TOO EARLY TO TELL IF WALMART CLOSURES SIGNAL ‘MAJOR ECONOMIC DAMAGE’ COMING FROM
COVID SURGE

Tom Quimby, CCJ senior editor
Jul 26, 2021
Updated Jul 27, 2021
The halt to in-person spending at some Walmarts during COVID cleansing is
lasting for roughly a day-and-a-half. "Any retrenchment away from experiential
spending would be likely to extend that on-going strong trend of consumer
spending on goods," said ACT Research President and Senior Analyst Kenny Vieth.
Tom Quimby


In response to growing COVID cases in some states, Walmart has begun temporarily
shutting down stores for intensive cleaning.

A leading industry analyst advised, however, that it’s too early to tell if the
closures hint at additional major economic stress relative to the mutating
disease that has now infected millions.

Walmart stores in Jacksonville and Lynn Haven, Florida, closed Sunday afternoon
for sanitization efforts and remained closed until 6 a.m. Tuesday. This follows
a store closure in Claremore, Oklahoma, two days before and a shut-down last
week in West Melbourne, Florida. The latest store closure occurred Tuesday
afternoon in Palm Bay, Fla. about 50 miles southeast of Orlando along the
Atlantic coast. That store will reopen this Thursday at 6 a.m. 



[Related: Mask wearing back in vogue--even for the vaccinated]



The world’s largest retailer said concern for its employees and customers amid a
growing wave of COVID cases are resulting in these sanitation shut-downs which
typically take a day-and-a-half to complete. Third-party specialists handle
sanitation efforts while Walmart employees restock shelves. 



“As you know, several areas across the country have begun seeing a renewed
increase in positive COVID-19 cases, mainly among the unvaccinated, and we want
to assist health officials working against the pandemic,” Walmart said in a
statement.

Canary in the coal mine? An ordinarily bustling Walmart in Lynn Haven, Fla. sits
mostly idle save for workers inside tasked with sanitizing the store following a
rise in COVID infections. ACT Research says it's too early to tell if Walmart's
temporary store closures amid rising COVID cases hint at major economic
interruptions to come.Tom QuimbyThe Centers for Disease Control and Prevention
(CDC) reported Friday that “COVID-19 cases are on the rise in nearly 90% of U.S.
jurisdictions” including outbreaks “in parts of the country that have low
vaccinations coverage.”



ACT Research President and Senior Analyst Kenny Vieth said a COVID resurgence
could drive up freight rates as cautious consumers opt for buying goods online
instead of venturing out and “spending on experiences” where they could be more
vulnerable to the virus. Consumer spending, however, could take a hit, Vieth
advised, as stimulus programs are shelved.



“While it is premature to suggest major economic damage at this early point in
the COVID resurgence, there are vulnerable economic sectors,” Vieth said. “The
bigger issue at this juncture is that stimulus programs like extended
unemployment benefits are rolling-off in Q3 and the appetite for additional
stimulus is waning.

“Those service sector businesses that were particularly hard hit during the
pandemic – restaurants, hotels, and airlines as examples – might find stimulus
to be less accommodative going forward,” Vieth continued.



Florida has been hit particularly hard, according to the CDC, and is now leading
the nation for new COVID cases. One in five infections in the U.S. has been
traced there with 73,181 cases emerging this past week.



In its statement regarding its COVID sanitation efforts, Walmart promotes
vaccinations for its customers “through walk-in or online appointments” and is
also “offering easy access to vaccines for associates.”

Walmart is offering a $75 bonus to associates who get the COVID vaccine and up
to two hours of paid leave for those who choose to get the vaccination
off-site. 


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COMMENTS

Posted by charles P
Nov 5th, 2021 10:23am
A scam vaccine so effective they must force it upon you... Yeah a vaccine that
isn't a vaccine.... You still get Covid and you still die even with the
vaccine... Pay attention it's what's in the vaccine that they want in you body
so badly!!! JUST SAY NO TO THIS GLOBAL SCAM OF POPULATION CONTROL, This vaccine
is going to result in the deaths of millions in the next 5 years or less!!
🔥👻🔥👻🔥👻
Posted by mrtruck
Jul 28th, 2021 3:37pm
A free and very effective vaccine versus possible death or prolonged illness
resulting in a large hospital bill. For even marginally intelligent people, it
seems an easy choice.
Posted by alross18235
Jul 27th, 2021 9:30pm
mockjamesd is correct. so many like juan have been braiwashed
Posted by juan
Jul 27th, 2021 5:52pm
Dr. mockjamesd, what is your medical specialty?
Posted by mockjamesd
Jul 27th, 2021 3:41pm
The vaccine was rushed, is dangerous to many, and largely ineffective for
variants. Ivermectin could have solved this whole mess but $$$’s are more
important than people’s lives. I truly hope there’s a hell big enough to hold
the pharmaceutical company heads and the CDC, FDA, and many of our government
officials.
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