Jul 20, 2021
The US stock market posted one of its worst performance of the year yesterday as investors reacted to the rapid spread of the Delta variant across the country, particularly in areas where a large percentage of the population does not has not yet been vaccinated against the virus. The Dow Jones Industrial Average tear down 800 points, 2.4 percent.
Centers for Disease Control and Prevention reported that daily COVID-19 cases have averaged nearly 30,000 over the past seven days compared to the weekly average of 11,000 last month. Health officials are reporting an “unvaccinated pandemic” with areas such as Springfield, MO, and others seeing hospitalizations and deaths approaching figures from last winter before vaccines were readily available for the patient. public.
Traders have relaxed many protective measures put in place during the most severe months of the pandemic. Many stores no longer require buyers or associates to wear masks, and social distancing measures have become a thing of the past in many places. Many chains, which had instituted high-profile hours to protect the most vulnerable members of society from the spread of COVID-19, have cut back or abandoned programs as state health officials relax rules with the deployment of vaccinations.
Costco, which previously announced it was going to end business hours, posted a message on its site yesterday saying it would continue to allow people 60 years of age or older or immunocompromised to shop on Tuesdays and Thursdays between 9 a.m. and 10 a.m. am local time before opening to all members. The channel said it would continue to follow national and local regulations regarding the wearing of masks.
Los Angeles County California ad that it would now require all people two years of age or older, vaccinated or not, to wear face masks in indoor public places. The government took the step after seeing local cases increase among unvaccinated residents in the area.
The majority of new COVID-19 cases have been linked to unvaccinated cases but so-called breakthrough cases, where vaccinated individuals contracted the virus, are also of concern. CDC reports that of the more than 159 million Americans vaccinated as of July 12, approximately 5,200 have been hospitalized, the majority of whom are 65 years of age or older (4,109).
DISCUSSION QUESTIONS: What should retailers do to protect associates and customers as COVID-19 cases resume, especially in areas where residents refuse to get vaccinated or wear masks? Should the stores that suspended so-called “hero wages” bring them back in light of the growing threat?
“Retailers must do what is necessary to protect their employees and customers in the spirit of the common good, even if it is an unpopular decision.”
“Yes! Bring back the mask! Why not be careful rather than sorry? I have been vaccinated, but I still wear a retail mask.
“By having the ‘masks not required for the vaccinated’ and the ‘masks required for the unvaccinated’, retailers create very visual (and impossible to enforce) intra-group / outdoor groups.”