The COVID-19 lockdown has kept consumers inside for weeks. “People are more likely to do these things than get on an airplane and fly to Europe for their summer vacation,” says money manager Eric Marshall at Hodges Capital Management.
Let’s face it, as COVID-19 lockdown restrictions ease, we aren’t going back to “normal.” Even if the virus subsides, which is by no means a given, we will be reprogrammed to favor outdoor activities that don’t involve a lot of other people.
This column by Michael Brush was originally published on MarketWatch.com.
Marshall predicts this trend will boost sales at companies in boating, golf, recreational vehicles and camping.
“People are more likely to do these things than get on an airplane and fly to Europe for their summer vacation,” he said. “The millennials were already into outdoor activities like camping and outdoor cooking.”
The first weekend in May “was the biggest weekend in our company’s history, period.” – Camping World CFO Mel Flanigan said.
