I’m using Apple (AAPL) as one indicator for the state of the re-opening economy.
Apple’s decision today to re-close 30 more of its stores in seven states, including Alabama, California, Florida, Georgia, Idaho, Louisiana, Nevada, Oklahoma, Texas and Utah, is a sign that the re-opening economy is taking another step backward. Apple has now closed 77 stores out of the 271 it has in the United States.
“Due to current COVID-19 conditions in some of the communities we serve, we are temporarily closing stores in these areas,” an Apple spokesperson said in a statement. “We take this step with an abundance of caution as we closely monitor the situation and we look forward to having our teams and customers back as soon as possible.”