Last updated : May 19, 2021 12:09 pm
Walmart Inc, Macy’s Inc and Home Depot Inc, have reportedly topped Wall Street's quarterly sales estimates with the increased level of vaccinations boosting store traffic.
The increased level of vaccinations boosted store traffic, an encouraging sign as consumers move toward a post-pandemic lifestyle and start to spend more for in-person activities, travel and events, Macy's Chief Executive Officer Jeff Ganette is reported to have said.
Walmart CEO Doug McMillon reportedly talked about similar trends, saying customers want to get out and shop. The company on Friday became the first major retailer to walk back its mandatory mask rule for shoppers.
The Indian market can perhaps hope to expect similar trends with a rigorous vaccination drive and stringent safety measures adopted by retailers.