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now that some stores are beginning to open up (end of may) after the lockdown, how...

now that some stores are beginning to open up (end of may) after the lockdown, how will consumer spending behaviour change?

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Answer #1

With the gradual opening of economy and as stores start getting opened assumption is that for essential services including grocery stores ,medical services will continue to operate in a fashion as was during the Pre COVID period but other businesses associated with lifestyle and leisure will take time to return back to normalcy and precovid position. Further the expectation is that the Brick mortar stores will suffer more than the online e-commerce market because of higher risk of infection in window shopping. Consumer spending is hence expected to be subdued during the early opening phase with heavy purchase and non essential purchases might be deferred by consumer.

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