John McNellis Reflections on the Retail Market
In the SF Business Times April 1, 2021, John McNellis, who is one of the top Retail industry gurus, reflected on what retail types thrived during the past years pandemic, and which didn’t. Home Depot and others in that category had a great year as those stuck at home worked on remodeling projects. Netflix did great, while movie theaters might be an endangered species. Major grocery chains for the most part, did great, as did discounters, while Macy’s, J C Penney and the like were already in trouble prior to the pandemic. He cited Bloomberg reporting this past December that 16% of all U.S. eateries, 110,000 of them, went permanently out of business. A number of fast foods adapted and thrived with drive-through and deliveries so it wasn’t all bad news.
