Furniture World News By Pam Danziger on 5/14/2021
The overarching story of retail in 2020, the pandemic year, is that the big just got bigger. The biggest categories – food and beverage stores, general merchandise stores (with the exception of department stores), building materials and supplies dealers and electronic shopping – all got bigger and the biggest retailers in each of those categories went along for the ride.
Walmart, Kroger, Costco, Home Depot, Target, Lowe’s and Amazon all grabbed market share as the government’s lockdown policies favored them over those deemed non-essential to American consumers. Small, local independent retailers ended up with the short end of the stick.
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