Retail News: Top Stories
May 20, 2020
Top stories in retail news and the business headlines that interest us today.
Restaurant Struggles
“Your favorite restaurant, now closed or only accepting take out orders due to the coronavirus, may never reopen, according to a top exec with reservation service OpenTable.”
April Retail Sales
“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.”
Shopping Voice Assistants
“[Jan] Kniffen said on “The Exchange” that retailers will need to solve the problem of people not wanting to stand in line outside a store, which has happened in some instances due to capacity limits and the need to maintain social distancing. Voice assistants could be a solution, he said.”
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