In today’s top retail news, Camping World Holdings reported rising revenue as it bolstered its full-year guidance, while Walgreens is rolling out nationwide same-day delivery in under two hours. Plus, CVS has managed to eclipse its year-ago pandemic-fueled retail sales.
Camping World Holdings announced that revenue climbed by $530.5 million to $1.558 billion for Q1. The firm is also raising its 2021 fiscal year guidance to a revised adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of between $770 million and $810 million. Camping World’s earnings come as it recently unveiled the details on its new peer-to-peer RV rental offering.
Walgreens is launching countrywide same-day delivery in under two hours for in excess of 24,000 retail products. “As the country gets ready to emerge from the pandemic, Walgreens continues its focus on enhancing our customer experience through integrated and simplified shopping solutions,” Walgreens Vice President of Digital Commerce Stefanie Kruse said in an announcement.
CVS has managed to eclipse its year-ago pandemic-fueled retail sales – albeit by only 2.3 percent – for the three months concluding March 31. “We delivered strong first-quarter results and improved our outlook for the year,” CVS Health President and CEO Karen Lynch said in an announcement. “We continue to execute on our strategy while simultaneously managing through a pandemic, helping the country on the road to recovery.”
The pandemic has been an undeniable boon for eCommerce retailers, as more shoppers are turning to the web to purchase all kinds of items, from health and wellness products to household goods to attire and more. However, this surge in online shopping activity comes with a catch: The more time consumers spend shopping online, the more worried they become about the security of their personal and transactional data online.
Read More On Retail:
- Farmers Markets Return, Offering In-Person Community
- Revionics’ AI Tools Help Retailers ‘Win The War On Price’
- CVS Grinds Out Revenue Growth In The Face Of Year-Ago COVID Comps
- Digital Technology Boosts Retail, Banking Innovation
Selected by EFXA