FINANCE

Office Depot Inc. came fast out of the gate in its first quarter, with increased demand for its goods and services amid COVID-19. But it isn’t taking any chances.

CVS Health reported surging earnings and revenue above Wall Street estimates as customers stockpiled medications and other essentials ahead of the spreading COVID-19 pandemic. 

Closing 16 of its full-line stores – around 14% of the total store base – is a significant move by Nordstrom.

With some governors lifting stay-at-home orders across the country, economic recovery from the COVID-19 pandemic is likely to come gradually and may vary by location.

Retail spending improved for the fourth straight week, but much uncertainty still remains as consumers buying habits continue to shift amid the COVID-19 pandemic.

In starting its new fiscal year, Wayfair’s results make it clear that the company has failed to turn over a new leaf.

Retailers are reopening their doors on a landscape that will be changed forever. There will be a greater gulf between the winners and losers. Retail strategy firm HRC suggests five steps retailers should take to best position themselves for success.

Wayfair Inc.’s sales grew nearly 20% in its first quarter as Americans spruced up their homes during the COVID-19 outbreak.