Evergreen Trading

The effects of COVID-19 on the US grocery business

 US Consumers have certainly taken notice of the gravity of the situation and changed attitudes and behaviors accordingly.  The first major increase in credit card spending (a 26% increase over the week prior) happened on February 27th, the day of US confirmed its first case of unknown transmission, driven by a 130% increase in Grocery and a 238% in Big Box spending. On March 1st Governor Ron Desantis declared a public health emergency in the...

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