The online pet food company's 46% jump in Q1 sales reflects "the significant change that occurred in consumers’ shopping behavior as the pandemic spread."
“We believe coming out of the current crisis, health and fitness will become even more important to the consumer."
The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
For many grocery staples and cleaning supply items, "we were selling in two or three hours what we normally sell in two or three days."
The soda giant has already seen "significant changes in consumer purchase patterns, notably substantial declines in away-from-home channels."
S&P expects "very significant disruptions and sales deterioration" through the second quarter due to store closings and economic contraction.
The soda and snack company is buying Be & Cheery, one of the largest online snack companies in China, for $705 million.
Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.
Walmart's Q4 results show “the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online."
Analysts questioned the rationale for a deal, noting that ICE focuses on financial transactions while eBay is consumer-oriented.
Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."
The browser plugin that hunts for online shopping bargains is "amongst the most transformative acquisitions in PayPal’s history."
