TARGET EMBRACES IG CHECKOUT, BEST BUY EMERGES A WINNER, MACY’S FORECASTS A Q1 LOSS OF $1B, PRIME DAY IN SEPT.

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  1. Target is the first mass retailer to make its products available through Instagram Checkout. via Target Corporate.
  2. Best Buy’s online sales rose more than 155%, allowing it to hold on to most of its revenue even as stores closed during the COVID-19 crisis. Coverage from Ben Unglesbee.
  3. Macy’s expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1 billion, as the department store operator was forced to shut stores amid the Covid-19 crisis. Story by Lauren Thomas.
  4. Amazon.com is taking a number of steps to return to pre-pandemic business operations, including scheduling its annual Prime Day shopping promotion for the fall and allowing unlimited shipments of nonessential goods to warehouses. Reporting from Dana Mattioli.

Source: Instagram Checkout: Easier Target Shopping is Just a Few Taps Away | Target Corporate

Source: Best Buy poised to emerge a ‘winner’ as it leans on curbside, digital | Retail Dive

Source: Macy’s forecasts a first-quarter loss of up to $1.1 billion, with stores shut from coronavirus outbreak | CNBC

Source: WSJ News Exclusive | Amazon Targets Fall for Prime Day as it Tries to Return to Pre-Pandemic Operations | WSJ

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