Twitter round-up: Wolf Blitzer on the closure of Lord & Taylor’s stores top tweet in Q3 2020

30 October 2020 (Last Updated October 30th, 2020 15:09)

Retail Insight Network lists ten of the most popular tweets by Covid-19 retail influencers in Q3 2020 based on data from GlobalData’s Influencer Platform.

Twitter round-up: Wolf Blitzer on the closure of Lord & Taylor’s stores top tweet in Q3 2020
Credit: William Potter, Shutterstock.com

Wolf Blitzer leads these tweets chosen from influencers as tracked by GlobalData’s Influencer Platform, which is based on a scientific process that works on pre-defined parameters. Influencers are selected after a deep analysis of the influencer’s relevance, network strength, engagement, and leading discussions on new and emerging trends.

Top tweets on Covid-19 Retail influencers in Q3 2020

1. Wolf Blitzer – tweet on the closure of Lord & Taylor’s departmental stores

Wolf Blitzer, a CNN reporter, tweeted on the closure of all the stores of Lord & Taylor, the first department chain to be established in the US. The company is going out of business after 194 years of operation as it failed to secure a buyer following bankruptcy.

Blitzer noted that Lord & Taylor was already struggling to sustain its business due to shift in online shopping but the Covid-19 pandemic accelerated the company’s decline.

Username: Wolf Blitzer Twitter handle: @wolfblitzer

Retweets: 71

Likes: 401

2. Leana Wen’s tweet on Walmart’s mandatory face mask policy

Leana Wen, a physician, shared an article on how Walmart made wearing of masks mandatory for its customers due to Covid-19. Walmart has also opened health centres, which offer discounts to customers, including $30 in check-ups and mental health counselling at $1 per minute.

The article noted that such efforts by Walmart and other companies, can help in reducing health care costs. Retailers such as Walmart and Starbucks are doing more to help contain the spread of the virus compared to the government, the article added.

Username: Leana Wen, M.D. Twitter handle: @DrLeanaWen

Retweets: 99

Likes: 290

3. Holger Zschaepitz’s tweet on pandemic accelerating e-commerce growth

Holger Zschaepitz, chief economic editor at German daily Die Welt, shared an article on how the pandemic has accelerated the shift towards e-commerce by at least three years, according to the CEO of PayPal Holdings, an online payments company. PayPal recorded a 30% increase in the number of new active customers in core markets.

Another payments company, Global Payments, also registered a 25% increase in online payments accelerating its growth by a few years. In-store spending, however, declined by 50% in April although spending improved as lockdown restrictions were lifted, the article added.

Username: Holger Zschaepitz Twitter handle: @Schuldensuehner

Retweets: 162

Likes: 263

4. Jeroen Blokland’s tweet on V-shaped recovery of US retail sales

Jeroen Blokland, head of multi asset at Robecco Asset Management, tweeted on how retail sales in the US are experiencing a V-shaped recovery. He tweeted that retail sales in the US increased further by 7.5% in June but quickly declined to 1% from its all-time high before the Covid-19 outbreak.

The influencer questioned the impact on the retail market once the payments being made under the Coronavirus Aid, Relief, and Economic Security (CARES) Act expire.

Username: jeroen blokland Twitter handle: @jsblokland

Retweets: 41

Likes: 114

5. Emel Akan’s tweet on recovery of US economy amid Covid-19

Emel Akan, a reporter at The Epoch Times, shared an article on how the recent economic indicators such as retail sales point towards a rapid recovery for the US economy. The article noted that retail sales and personal consumption registered an increase in May boosting hopes for recovery of the economy.

Consumer spending registered a sharp decline in March and April due to the restrictions imposed due to the coronavirus pandemic. As restrictions were slowly lifted in May, consumers spending increased by 8.2%. Retail sales, particularly, increased by 17.7%, which is the biggest monthly increase registered in the market.

Username: Emel Akan Twitter handle: @mlakan

Retweets: 48

Likes: 95

6. Jeroen Bartelse’s tweet on Walmart using drones to deliver Covid-19 test kits

Jeroen Bartelse, business innovation manager at Achmea, a financial services company, shared a video on Walmart’s drone delivery programme to deliver Covid-19 test kits to customers within a one mile radius.

Walmart has collaborated with Quest Diagnostics, a clinical laboratory, and DroneUp, a drone services provider, for the pilot programme. Customers will get a notification from DroneUp, when the Quest Diagnostics test is on its way, with deliveries usually made within five minutes.

The samples can be sent through FedEx to a Quest lab and customers can receive their digital results within two days. Walmart plans to launch its drone delivery service from other outlets located in Buffalo and New York.

Username: Jeroen Bartelse Twitter handle: @JeroenBartelse

Retweets: 69

Likes: 75

7. Ajay Bagga’s tweet on US retail sales boosted by stimulus aid

Ajay Bagga, a private investor, tweeted on how the unemployment benefits provided under the stimulus package announced by the US government were instrumental in increasing spending during the pandemic.

Bagga attributed the unemployment benefits to be the main reason behind the growth in retail sales. He added that a second stimulus package is critical to sustaining this growth.

Username: Ajay Bagga Twitter handle: @Ajay_Bagga

Retweets: 6

Likes: 72

8. Robin Brooks’ tweet on rise in e-commerce share in core retail sales

Robin Brooks, chief economist at the Institute of International Finance, shared an article on how the market share of e-commerce in core retail sales increased from 12.8% to 20.8% between 2012 and 2019. He added that in 2020, e-commerce market share increased by 27.4% due to the Covid-19 pandemic.

Brooks opined that the pandemic has accelerated the decline of brick and mortar retail by roughly seven years.

Username: Robin Brooks Twitter handle: @RobinBrooksIIF

Retweets: 31

Likes: 66

9. Rob Cross’ tweet on closure of book retailer Eason’s stores

Rob Cross, an architectural and design professional, tweeted on the closure of all seven stores of Eason & Son, an Ireland-based book and stationery retailer. The decision was announced following the impact of the Covid-19 pandemic on its business. All seven of its stores have remained closed since March due to the pandemic.

Username: Rob Cross Twitter handle: @RobCross247

Retweets: 8

Likes: 64

10. Shereen Bhan’s tweet on impact of lockdown in India on Walmart’s sales

Shereen Bhan, managing editor at CNBC-TV18, shared an article on how the lockdown in India and closure of Flipkart businesses led to a decline in international net sales of Walmart. The company’s net sales declined by 6.8%, due to change in currency rates.

In the absence on the lockdown, the company’s sales would have increased by 1.6% on a year-on-year basis. The lockdowns in Africa and Central America also impacted the company’s Q2 earnings, the article added.

Username: Shereen Bhan Twitter handle: @ShereenBhan

Retweets: 9

Likes: 55