Daniel Neman: Grocery stores thrived during the pandemic, but what's next?
Before the pandemic hit, mid-market grocery store chains were facing difficulties. Intensifying competition from national retailers such as Walmart, online marketers such as Amazon and the increasing availability of groceries everywhere from dollar stores to drug stores was leading to the consolidation of some chains and the bankruptcy of others. But if the coronavirus pandemic was a cloud, grocery stores were one of its silver linings. This interpretation of the industry comes to us by way of Keith Daniels, a partner in the New York-based financial institution Carl Marks Advisors (this is a s...
St. Louis Post-Dispatch