As concerns of a Covid-19 outbreak increase across the US, Costco stores are experiencing the second weekend of panic-buying of food, water, and hand sanitizers.
Last weekend we noted how the “great panic of 2020 is underway” as Americans made a mad dash to Costco stores and other big-box retailers to hoard supplies.
Costco CFO Richard Galanti told investors during an earnings call last week that buying panic has “been nuts” adding that he attributes “this to concerns over the coronavirus.”
Stock prices for Walmart and Target have also benefited from the spread of the deadly virus, as people preparing for a quarantine situation load up shopping carts with bottled water, canned soup, instant mac and cheese and everything else that they could possibly need to wait out the virus. But the panic-buying has been leading to shortages and leaving people on edge. –WaPo
On the East Coast, tens of millions of Americans woke up on Saturday morning and heard the news about 44 total confirmed virus cases in New York, with a majority in Westchester, a suburb of NYC.
PIX11 News’ Cristian Benavides tweeted a video of the panic that is developing in NYC this morning. He shows a long line of cars waiting to get into a Costco in Astoria, a neighborhood in Queens.
— Cristian Benavides (@cbenavidesTV) March 7, 2020
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ABC13 Houston reported, “We’re seeing extremely long line at the Costco on Richmond this morning. Many people are trying to stock up on sanity items and water amid the coronavirus fears.”
Stamford Plus magazine tweeted a picture of a Costco in Connecticut with “much bigger than usual” crowds.
— Stamford Plus (@stamfordplus) March 7, 2020
One Costco shopper was spotted in a hooded bio hazmat suit at an unidentifiable store.
One Twitter user said, “Costco employee just told everyone 2 toilet paper items each.”
LA Times’ Laura Blasey said the Costco in Arlington, Virginia, looked like “the set of the new Mad Max movie” as hand sanitizers, masks, and rubbing alcohol were all sold out.
Scenes from the Arlington Costco/the set of the new Mad Max movie pic.twitter.com/f21nlZjKM9
— Laura Blasey (@lblasey) March 7, 2020
Panic buying was also spotted at Costco in Beacon Hill, Boston.
— Clarke Bellamy (@ClarkebYYC) March 7, 2020
More purchase limits on certain products were seen.
— Ali Mohammed (@StandwithAli) March 7, 2020
A Costco in Los Angeles this morning saw long lines wrapping around the parking lot.
— david (@millennialdavid) March 7, 2020
“Costco is lit today” – more buying panic at another Costco tweeted one user.
Buying panic was also seen at a Costco in the UK.
— Adam Clark (@adamclarkitv) March 7, 2020
Another Costco in Canada with long lines — and the store hasn’t even opened.
The Apocalypse is here….Yikes! This is at the Costco at Still Creek on a Saturday morning. And it's still 25 min till opening. LOL pic.twitter.com/bYapV2GwCJ
— Dino Singh (@SinghDino) March 7, 2020
One Twitter user reported that a line spans “down one whole aisle and around to the next” developed inside one Costco as people are waiting on today’s delivery of goods.
The line at @Costco for water wraps down one whole aisle and around to the next. Store opened early, and they're out, waiting on today's delivery. #costco #panickbuying #coronavirusaus pic.twitter.com/BGb248kEdQ
— Sparta Chris (@Sparta_Chris) March 7, 2020
The rising fears of a pandemic as confirmed virus cases and deaths soar will only force more and more Americans to big-box retailers to hoard food and water. This soon could result in a shortage of goods.
We warned you several years ago that Venezuela was coming to America. Little did we know it would be caused by a virus.
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