Best Buy Store Closings Lead to Furloughs; Plus, March Retail Sales Numbers Drop; And D2C Seller Adapts Furniture Business Model
April 15, 2020
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WHAT'S NEXT IN THE CONNECTED ECONOMY
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TOP STORIES
D2C
Canadian D2C Seller Brings Unique Business Model To Furniture Market
Canada’s fastest-growing company is an online pure-play that achieved profitability in just two years. Its high-touch business model has had to undergo some fine-tuning, but Article CEO Aamir Baig tell PYMNTS that he sees a bright future for direct-to-consumer brands.
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ECOMMERCE
Online Apparel Catches Fire
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EARNINGS
Retail Sales Numbers Predict A Cruel April
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WHAT’S HOT
• JCPenney Mulls Bankruptcy As Turnaround Plans Change With COVID-19
• Best Buy To Put Approximately 51K Staffers On Temporary Leave
• Walmart Reserves Grocery Pickup Hours For At-Risk Shoppers
• Big Retail, Landlords Fight Over Rent At Closed Stores
• Amazon Stock Surges 20 Pct. During COVID-19 Pandemic
• JPMorgan CEO: US Workers May Head Back To Jobs In June
• Fed Officials Explore Ways To Reopen US
• More PPP Funds Would Help CDFIs Lend Money To Micro Businesses
BEST OF PYMNTS
• Travel’s Long Journey Back To Normal
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• Social Distancing And Account Takeovers — COVID-19's Impact On QSRs
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• Kicking The Cash Out Of Japanese eCommerce
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