The COVID-19 outbreak has brought about a major shift in consumers’ buying behavior and spending pattern. With the pandemic taking a toll on employment and household income, consumers are left with no option but to curtail spending. Definitely, measures undertaken to support households and the resumption of economic activities provided some relief but consumers’ hunt for better bargains continue.
Under the current circumstances, people have been showing a preference for discount stores for essentials and other household needs. A differentiated product range resonates well with customers’ spending habits. No wonder, the strategy to sell products at discounted prices has helped industry players expand customer base amid the pandemic.
That said, industry participants have been focusing on deepening engagements with consumers, expanding merchandise assortments, and enhancing digital and data analytics capabilities. They have been making strategic investments to provide consumers fast, convenient and safe shopping experience, be it offline or online.
2019 had the second-highest number of pedestrian fatalities in a decade. The worst year was 2016, when 29 people died.
Safety improvements, including a new sidewalk, are on tap for a stretch of East Palm Canyon Drive in Palm Springs.
Work is ongoing in the stretch between South Palm Canyon Drive and Sunrise Way. The $1.9 million project is expected to benefit pedestrians and bicyclists in the area.
The sidewalk is being installed along the eastbound lanes, west of Sunrise.
Other improvements include new crosswalks at various intersections and new street lights at the curve where South Palm Canyon meets East Palm Canyon, Assistant City Manager Marcus Fuller said.
The sidewalk portion in particular has caught the attention of local residents. It’s being built across a dirt lot that’s existed for years and disrupted joggers in particular.
“There’s sort of a dirt path on a small stretch and
Favorable housing market trends have brightened up matters for the Zacks Building Products – Retail industry. The space, which mainly caters to home renovation and construction needs, is also gaining from accelerated DIY projects undertaken amid the ongoing coronavirus pandemic. These apart, players are gaining from elevated trends in the digital arena, and are investing in enhancing omni-channel offerings.
Continuation of such upsides are likely to benefit industry participants like The Home Depot, Inc. (HD), Lowe’s Companies Inc. (LOW), Fastenal Company (FAST), Builders FirstSource, Inc. (BLDR) and Lumber Liquidators Holdings, Inc. (LL).
About the Industry
The Zacks Building Products – Retail industry comprises U.S. home improvement retailers, manufactures of industrial and construction materials and distributors of wallboard and ceilings systems. Some of the industry participants also offer products and services for home decoration, repair and remodeling, and in-home delivery and installation services.
The industry players provide a wide array of