CVS Reports Healthy Q1; Plus, Shopify Jumps With Digital Shift; And Nordstrom Drops 16 Stores
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TOP STORIES   May 6, 2020
RETAIL REINVENTION
Reinventing Retail: The Laws Of Attraction
Retailers need to differentiate their various consumer segments and value propositions if they want to lead into a strong recovery. Experts including GRUBBRR CEO Sam Zietz tell PYMNTS that a generic approach can be counterproductive.
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EARNINGS
Closed Theme Parks Sink Disney Earnings; Q3 Could Be Worse
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STORE CLOSURES
Nordstrom And Lord & Taylor Dampen Retail Reopening Plans
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WHAT’S HOT
• CVS Front Store Sales Rise 8.5 Pct Fueled By COVID-19 Purchases
• New Stores Created On Shopify Jump 62 Pct Amid Shift To eCommerce
• Challenges For Retail Reopenings, eCommerce
• Garment Factories Reeling As Importers Stop Orders Among Weak Sales
• Airbnb Says 2020 Revenue Will Be Halved
• Starbucks Reopens Most Stores For Order-Ahead Only
• Wayfair's Sales Up 20 Pct As Homebound Consumers Feather Nests
• Restaurants Warn Of Higher Prices To Offset Reduced Capacity
BEST OF PYMNTS
• Impossible Foods CFO On The Shift To Grocery And Clearing The Meat Lover’s Bar
 
• Visa, Conferma Pay, Make Corporate 'On The Go' Card Spend Tap And Pay
 
• Online Gambling And The Challenges Of Betting On Instant Disbursements
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