SEATTLE, Wash. — Amazon.com posted strong sales gains in the first quarter, as consumers forced to stay at home have responded by shopping and spending more with the e-commerce giant. At the same time, Amazon’s costs have risen sharply as well, hurting profits. Net sales increased 26% to $75.5 billion in the first quarter, compared
BOISE, Idaho — Albertsons Cos. posted an identical store sales increase of 47% for the first four weeks of fiscal 2020, the company said on Thursday. Quarter-to-date identical sales for the first eight weeks of fiscal 2020 increased 34% compared to the comparable prior year period. Albertsons reported its first quarter sales-to-date as part of
DEERFIELD, Ill. — Walgreens plans to open COVID-19 testing locations in 49 U.S. states and Puerto Rico, the company said Monday. The move comes as the company further expands drive-thru testing to help meet the growing need in communities nationwide. With this latest expansion, Walgreens will focus its efforts on improving access to testing in
CHICAGO — IRI is continuing to collaborate with its partners at the Boston Consulting Group (BCG) to analyze the latest consumer purchase trends in Italy, France, Germany, Netherlands, New Zealand, Spain, U.K. and U.S. The firm just updated the report, “Consumer Spending Tracker: COVID-19 Impact,” to capture the most recent insights. Key highlights from the research
Editor’s note: This is part of a series of articles on how companies are responding to the COVID-19 crisis. Prior to the COVID-19 crisis, almost all of Sysco Corp.’s work as a food service distributor involved restaurants, schools, health care facilities, hotels and other “food away from home” venues, which in normal times account for
Editor’s note: This is part of a series of articles on the response to the COVID-19 crisis. Retailers have always been at their best during a time of crisis, when their communities need them the most. What is different this time is the sheer geographic scope of the COVID-19 pandemic. Typically, with a natural disaster
Editor’s note: In the sixth part of their continuing series, Alice Wang and Ed Rowland look at the the carefully orchestrated process Alibaba Health used in returning to the workplace. It included numerous protocols and a lottery deciding the first returnees. Strict rules are in place and a new “normal” now exists. Part one is
MINNEAPOLIS — Target Corp. is extending enhanced team member wages and benefits, and is providing business updates related to the impact from the novel coronavirus (COVID-19). Target said it will extend its $2 an hour temporary wage increase until May 30, in recognition of the contributions of frontline team members. The company said it will also continue
Editor’s note: This is part of a series of articles on how retailers are responding to the COVID-19 crisis. As coronavirus COVID-19 continues to impact the lives of Americans, Hy-Vee has taken a number of actions to best protect the health and safety of our customers, employees and communities. One of the very first steps
CAMP HILL, Pa. — Rite Aid continues to expand COVID-19 testing sites with its 25th location opening on Thursday, April 23, in Richmond, Va., through its partnership with the U.S. Department of Health and Human Services. Now spanning eight states and 25 store locations, all of Rite Aid’s self-testing sites will be open from 9
Editor’s note: This is part of a series of articles on how retailers are responding to the COVID-19 crisis. At H-E-B, the top priority is taking care of Texas. While the emergence of COVID-19 is an evolving situation, with many unknowns, we are sure of one thing: H-E-B will do its part to help our
WOONSOCKET, R.I.— CBDMEDIC is teaming up with a cast of celebrities including three time Pro Football Champion Rob Gronkowski, Hall of Fame Linebacker Brian Urlacher, America Ninja Warrior Host Matt Iseman, Sports Illustrated Cover Model Camille Kostek, and the president of Walgreens, Richard Ashworth, for the Survive & Thrive COVID-19 Celebrity Challenge in support of