Retail

CVS Health Q1 earnings, sales jump as customers stockpiled medications, other items
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.
The four things grocery center tenants should do post-pandemic
One of the most amazing occurrences during of the COVID-19 pandemic, to the mind of Erik Rosentrauch, is the blooming of Walmart’s product delivery programs, including a $10 option for two-hour home delivery.

Gap Inc. to reopen up to 800 stores by end of May

Gap Inc. will start reopening its stores, starting with a small selection of locations in Texas this weekend, as COVID-19 lockdown restrictions slowly begin to ease in some areas.
Office Depot reports strong Q1; adopts poison pill

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.
Recovery likely in ‘fits and starts,’ according to NRF chief economist

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.
Amazon’s brokerage service goes national

Amazon is expanding its brokerage division, which it launched about one year ago.
Analyst: Nordstrom’s decision to close 16 stores is ‘prudent’

Closing 16 of its full-line stores – around 14% of the total store base – is a significant move by Nordstrom.
Discounters see the biggest surge in online grocery shoppers

The largest year-over-year percentage-point increases in online grocery shoppers are not occurring at traditional supermarkets.
Canada’s Simons optimizes styles and colors with AI

Simons is leveraging artificial intelligence (AI) to minimize inventory costs while supporting omnichannel growth.
Albertsons assists digital shoppers in real time

Albertsons Companies Inc. is deploying artificial intelligence (AI)-based virtual assistant and live chat solutions for online customers.

CVS Health Q1 earnings, sales jump as customers stockpiled medications, other items

The four things grocery center tenants should do post-pandemic

Gap Inc. to reopen up to 800 stores by end of May

Office Depot reports strong Q1; adopts poison pill

Recovery likely in ‘fits and starts,’ according to NRF chief economist

Amazon’s brokerage service goes national

Analyst: Nordstrom’s decision to close 16 stores is ‘prudent’

Discounters see the biggest surge in online grocery shoppers

Canada’s Simons optimizes styles and colors with AI

Albertsons assists digital shoppers in real time