Michaels’ Sales Jump 11% on E-Commerce Push
The crafts retailer has enhanced and expanded omnichannel capabilities including curbside pick-up, same-day delivery, ship from store, and in-app purchases.
Gap Blunts Covid Impact With E-Commerce Surge
"We nearly doubled our e-commerce business, with approximately 50% online penetration, demonstrating our ability to pivot to a digitally-led culture."
Shopify Rival BigCommerce Surges 292% On Debut After $216M IPO
Trading had to be halted due to volatility within three minutes of opening.
Visa Profit Drops 23% as Card Spending Slows
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
Nike to Cut Jobs As Part of Digital Sales Push
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
Muji Files Chapter 11, Plans Online Focus
The Japanese retailer's U.S. stores are in prime locations, leaving it struggling to make enough money to overcome expensive leases.
Chewy Gets Boost From Stay-At-Home Orders
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."
Dick’s Sporting Goods Takes 29% Sales Hit
“We believe coming out of the current crisis, health and fitness will become even more important to the consumer."
Shopping Shifts Squeeze Target Profit in Q1
The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
Walmart Gets Big Boost From Pandemic Panic
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."
Coke Warns of Q2 Hit From Virus Lockdowns
The soda giant has already seen "significant changes in consumer purchase patterns, notably substantial declines in away-from-home channels."