Monday, April 13, 2020

Survival of the biggest: Coronavirus transforms retail

Axios
The titans of the retail industry — Amazon, Walmart, Target and Costco — are poised to come out of the coronavirus crisis even stronger and more formidable than they were before, as smaller rivals suffer and wither.

Why it matters: The pandemic will permanently reshape America's retail landscape — accelerating a winner-take-all race that started taking shape before stores were forced to close.

What's happening: With piles of cash, extensive delivery networks and massive physical footprints to navigate the pandemic, America’s biggest retailers are raking in sales. . . . more