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."
Virus Expected to Slam Retail, Restaurant Sales
S&P expects "very significant disruptions and sales deterioration" through the second quarter due to store closings and economic contraction.
Pepsi Snaps Up Chinese Snack-Maker
The soda and snack company is buying Be & Cheery, one of the largest online snack companies in China, for $705 million.
Can Big Retailers Be Saved?
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 Earnings Miss as Online Growth Slows
Walmart's Q4 results show “the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online."
EBay Shares Jump on Report of $30B ICE Offer
Analysts questioned the rationale for a deal, noting that ICE focuses on financial transactions while eBay is consumer-oriented.
E-Commerce Posts 18.8% Holiday Season Gain
Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."