Retail

From sanitizing closets to customizable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics Co Ltd (005930.KS) is adding warehouses and bringing popular products to more markets.

The coronavirus pandemic is shining a light on U.S. department stores’ dependence on selling fashion and their delay in adapting to today’s retail environment.

U.S. shoppers have been paying more than last year for a range of consumer goods during the COVID*19 pandemic, from eggs and deli meat to running shoes, according to a Reuters analysis of the latest pricing and sales data.

Instant coffee, ketchup, Lululemon yoga pants and Nike Air Max sneakers are all in. Bottled water, pricey diapers and Burberry luxury trench coats are out.

But what happens to the online furniture retailer as the world opens back up?

Best Buy Co Inc (BBY.N) warned on Tuesday of a slowdown in sales growth in the third quarter as it faced risks from unemployment, lower government stimulus and lockdown-hit global supply chains, sending the shares of the U.S. consumer electronics retailer down 4%.

TJX Cos Inc (TJX.N) on Wednesday forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.

Estee Lauder Cos Inc (EL.N) forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands.

Retailer says comparable sales rose 24% in the latest quarter, powered by a 195% surge in digital sales.

PVH Corp. begins to plan the reopening of some of its stores including Tommy Hilfiger and Calvin Klein.