The arrival of the Covid-19 has come to generate drastic changes in many business models that were consolidated.
Photo: NOAH SEELAM / AFP / Getty Images
The coronavirus pandemic came to break patterns in the commercial sphere, while some companies multiplied their growth by others that were surprisingly well established. they have had to make dramatic readjustments to move forward.
The site The Wall Street Journal reported that McDonald’s will close about 850 restaurants located in Walmart stores in the United States, A collaboration between the two companies that had been maintained over three decades and will now have to take a turn due to the change in consumption habits caused by the coronavirus pandemic.
With the advent of the Covid-19 and the forced confinement to prevent contagion, Walmart increased its online sales during the pandemic year, as well as offering its customers the option to collect their products in their parking lots the number of visits inside the establishments has negatively affected McDonald’s sales if other integrated restaurants, such as Subway, will also close franchises.
According to the information McDonald’s at its best came to have a thousand restaurants integrated into Walmart supermarkets, But given the current market circumstances will close those establishments with less turnover and it will be left with only about 150, which represents a drastic contraction.
McDonald’s reported to the U.S. Securities and Exchange Commission, which last year closed a hundred restaurants integrated into Walmart and that in 2021 plans to close 325 more restaurants.
It transpired that the closure of the Golden Arch restaurants could undermine Walmart’s revenue, which rents the space unlike other competitors such as Costco and Target, which have their own indoor food services or license, for which the largest U.S. supermarket chain is exploring other options to maintain this source of revenue, Especially now that it is returning to normal little by little, as the number of vaccinated Americans increases.
The news affected the stock market, with adjustments for forced changes in both chains, McDonald’s shares fell 1 0.33% *, while Walmart ‘s shares fell 0.30%.
With the arrival of the pandemic, many details have had to modify their services to reduce the time inside the establishments and social interactions to avoid contagion, with the return to normal we will have to wait a bit to know how e-commerce will be integrated with the return of people to stores.
With information from The Wall Street Journal and Media
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