Issue 05-25-2020

April sales decline is double that of March

WASHINGTON — Retail sales dropped almost twice as much during April as they did in March, reflecting the first full month when most stores were closed because of the coronavirus pandemic. The U.S. Census Bureau reported that overall retail sales during April were down 16.4% seasonally adjusted from March and down 21.6% unadjusted year over

Retailing losses hit wider economy hard

NEW YORK — U.S. retail sales continued to endure more record declines as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression. Retail sales in the United States are expected to fall 5.1% this year, according to the data

Target acquires assets of delivery service startup

MINNEAPOLIS — Target is acquiring assets from Deliv, a startup that partners with retailers and restaurants for same-day delivery service. Target in recent months has been working with Menlo Park, Calif.-based Deliv on test programs. Deliv has technology that intelligently batches orders bound for the same area. Target intends to continue testing the technology to

Retailers open COVID-19 test sites across the country

NEW YORK — As testing becomes more important in the battle against COVID-19, retailers are stepping up. For instance, CVS Health has opened more than 50 COVID-19 test sites at selected CVS Pharmacy drive-through locations across Arizona, Connecticut, Florida, Massachusetts and Pennsylvania, with additional sites to come. The new sites will utilize self-swab tests and

FMI virtual trading program aims to accelerate recovery

ARLINGTON, Va. — The Food Industry Association (FMI) is organizing a new virtual trading partner program that aims to accelerate business recovery as stay-at-home orders are rescinded across the United States. The FMI Midsummer Strategic Executive Exchange kicks off on July 7 with “a compelling keynote” and will run over the course of eight business