• Amazon.com Inc. has limited the amount of warehouse space available to 3rd party companies in an effort prevent shortages of Amazon products due to high digital shopping demand from COVID-19.
• Chewy.com saw a 45% growth in revenue last quarter and their sales have been driven up due to shopping changes stemming from COVID-19.
• Best Buy will be providing vehicles to employees that can deliver online orders personally to consumers. The additional delivery system will help them compete with competitors during a high volume digital shopping season due to Coronavirus.
• Designer Brands Inc. could close as many as 80 stores next year due to lease negotiation complications from the pandemic.
• Francesca’s Holdings Corp. has filed for Chapter 11 bankruptcy and plans to close 97 stores due to complication from COVID-19.
• Corner Bakery Café has launched a new curbside pick-up program to help overcome the COVID-19 pandemic.
• Five Guys Burgers and Fries now has in-store pick-up and curbside options at all of their locations. Curbside pick-up has seen substantial growth since this year.
• Grubhub has introduced new tools for restaurants on their platform that will reduce marketing fees. The change is likely a response to criticism over the high fees that restaurants had to pay in March.
• The Cheesecake Factory will pay a $125,000 settlement to the SEC after they failed to disclose the impact of COVID-19 on their business.
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