While many stores are closed, some retailers are winning big with high demand from the coronavirus
: This online giant benefits from its extensive, well developed home-delivery capabilities. Customers like the Prime program, which ensures quick delivery. Demand has been overwhelming for much-needed daily living merchandise that can be shipped from the Marketplace.: The company has seen a surge in demand for products needed to work or learn from home as well as products to refrigerate or freeze foods. Best Buy has enhanced its curbside pick-up service for all stores.
All of these companies have the good fortune to sell merchandise most in demand these days. And they are stepping up to recognize the dedication and hard work of their employees to meet this demand. Their devotion to help customers is a real tribute to their American spirit, and I applaud that. I hope we will see the end of the growth of this pandemic scourge and see a return to more normal routines soon.
I was the senior retail analyst at Morgan Stanley for 16 years, following a 20 year career at retailers including Macy’s, May Department Stores and Allied Stores.I was the senior retail analyst at Morgan Stanley for 16 years, following a 20 year career at retailers including Macy’s, May Department Stores and Allied Stores. Currently I head Loeb Associates Inc. a management consulting and strategic advisory firm for leading domestic and international retail companies.
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