McDonald's Is Closing Hundreds of Walmart Location Stores
Fast-food giant McDonald's (NYSE: MCD) and the nation's largest retailer have had a mutually beneficial relationship for years. Restaurants placed inside Walmart (NYSE: WMT) stores gave shoppers easy access to a quick meal, added business for the restaurant chain, and gave the retailer rental income and a reason for shoppers to spend more time at its stores.
But the pandemic has led to an increase in food delivery and the use of drive-thru windows. Indoor dining remains restricted or closed in some places, and foot traffic has also dropped as consumers move to online shopping or curbside pickup. Now McDonald's is closing hundreds of its restaurants inside Walmart locations, according to a Wall Street Journal report today.
Source Fool.com
