Multichannel Merchant Week In Review The News, Commentary & Events that Shaped Commerce This Week

week of 3/27/2020
Coronavirus Market Volatility Causes Modell’s to Delay Chapter 11 Process
Similar to XPO Logistics’ decision to postpone its exploration of divesting assets due to current market uncertainty caused by coronavirus, a bankruptcy court judge has granted a 45-day stay on the Chapter 11 filing of sporting goods retailer Modell’s due to the ongoing crisis and its impact on closing sales.…»
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XPO Logistics Puts Spinoff of Assets on Hold Due to Market Conditions
Just two months after announcing it was exploring strategic alternatives, including selling off one or more of its business units but keeping its LTL services intact, the company pulled this option off the table due to the effects of the coronavirus on markets. XPO had been looking at divestiture after a two-year, $8 billion acquisition spree.…»
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How Grocers Are Handling Coronavirus and Exploding Store/Online Demand
While most of retail is in the doldrums due to coronavirus, grocers are seeing explosive growth, and e-grocery has been accelerating rapidly due to shutdowns. Scott DeGraeve, COO and co-founder of Locai Solutions, and Doug Baker, VP, industry relations at FMI, discuss what they're seeing across the sector, and how it will change.…»
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Coronavirus: Rent Revolt, Frontline FC Workers, Drivers, Retailers Chip In
The impacts of the coronavirus spread are being felt everywhere across retail and ecommerce, with first stores and now ecommerce operations shut down to comply with government orders, and warehouse workers and drivers testing positive, forcing facilities to close so they can be scrubbed and restarted.…»
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