Essential retailers including Target, Walmart and Costco have seen dramatic online sales increases since the pandemic began, but Charlie O’Shea, Senior Retail Analyst at Moody’s, warns they may not translate into actual profits. More purchases of low-margin products, combined with the higher fulfillment costs of delivery and curbside pickup, could eat into these retailers’ gains. Hear more about COVID-19’s impact from this veteran Wall Street analyst.
