Ernest Garcia, CEO of automotive ecommerce retailer Carvana, discusses how COVID has surprisingly been a boon to the used car market over the last several months.
RetailConvergenceTrends
RetailConvergenceTrends
Amazon Reports Earnings, Will Spend Q2 Profits On COVID Expenses
Amazon released its first quarter results, beating analysts revenue estimates while falling short of their earnings-per-share estimates.
Microsoft Permanently Closing Retail Stores
They’ve become a familiar sight in shopping malls, but Microsoft has announced it is permanently closing its retail shops.
Just Eat Takeaway Buying Grubhub For $7.3 Billion
European-based Just Eat Takeaway has entered a definitive agreement to buy Grubhub for $7.3 billion.
Walmart Introduces Express Delivery In Nearly 1,000 Stores
Walmart has announced it is rolling out its Express Delivery service in nearly 1,000 stores.
Amazon Raises Warehouse Hires to 175,000
Amazon announced it has hired the initial 100,000 warehouse workers it originally pledged, and is now hiring an additional 75,000.
Coronavirus: Amazon’s First Warehouse Case Raises Supply Questions
Amazon has reported its first coronavirus case in one of their warehouses, raising questions about the possible impact on supply lines.
Coronavirus: Trump Administration Bans Travel, Cargo From Europe
President Trump addressed the nation Wednesday evening, walking back comments he has previously made and unveiling sweeping measures to address the coronavirus threat.
Grocery Foot Traffic is Walmart’s Secret, Says Analyst
Foot traffic has been the secret, says Tim Lesko of Granite Investment Advisors. Walmart a couple dozen years ago moved into grocery and that move, which was widely panned at the time, has really led foot traffic to stay steady.
Amazon Is NOT Going To Put Everyone Out of Business
Amazon is not going to put everyone out of business, says retail guru Dan Hurwitz of Raider Hill Advisors. ”In fact, they’ve taught a lot of retailers how to distribute goods properly. They’re actually going to help a lot of retailers thrive at the end of the day.