The arrival of Covid-19 has generated drastic changes in many business models that have been consolidated.
Photo: NOAH SEELAM / AFP / Getty Images
The coronavirus pandemic has come to break the patterns of the commercial sphere, while some companies have multiplied their growth, others that have been surprisingly well consolidated. they had to make dramatic adjustments to move on.
The Wall Street Journal reported this McDonald’s will close approximately 850 restaurants located in Walmart stores in the United States, a collaboration between the two companies that has been maintained for three decades and will now have to return due to the changing consumption habits caused by the coronavirus pandemic.
With the advent of Covid-19 and the forced closure to prevent contagion, Walmart has increased its online sales during the pandemic, in addition to offering its customers the option to pick up their products in their parking lots. negatively affected the sales of McDonald’s and other integrated restaurants, such as Subway, which will also close franchises.
According to the information The old McDonald’s had a thousand restaurants integrated into Walmart supermarkets, but given the current circumstances of the market, will close the units with a lower turnover and it will be left with only about 150, which is a drastic contraction.
McDonald’s has informed the US Securities Market Commission that it has closed one hundred integrated restaurants last year Walmart plans to close another 325 restaurants in 2021.
It turned out that closing restaurants with golden arcades could undermine Walmart’s revenue, which rents the space unlike other competitors, such as Costco and Target, which have their own in-house food services or license, so America’s largest supermarket chain is exploring other options for maintaining its source of income, especially now that it is gradually returning to normal as the number of vaccinated Americans increases.
The news had an impact on the stock market, with adjustments due to forced changes in both chains, McDonald’s shares fell 0.33%, while Walmart’s fell 0.30%.
With the advent of the pandemic, many retailers have had to change their services to reduce time inside units and social interactions to avoid contagion, with the return to normal we will have to wait a little longer. to find out how e-commerce will be integrated with people’s return to stores.
With information from The Wall Street Journal and Media
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