Consumer Which retailers have the least exposure to Covid-19?

In parts of the US that have been less affected by Covid-19, there are fewer mandated social-distancing restrictions. Some discretionary retailers have a relatively low exposure to areas with a high share of cases.

08 Apr 2020
  • JCPenney and Kohl's have less exposure than Nordstrom and Macy's.
  • TJ Maxx and Ross Stores have fewer than 25% of their stores in states with high case levels.
  • Only 17% of Lowe's stores are in high-exposure states vs. 26% for Home Depot.
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Retailers' geographic exposure by Covid-19 case share

Source: UBS Evidence Lab

Note: Covid-19 case data as of March 25; will be updated weekly. High-case states are those that account for >3% of total US cases; medium account for 1-3%; low account for <1%.