In today’s top retail news, GoFor Industries has debuted a “Shop Local” effort in some U.S. cities, while certain CVS Pharmacy stores in six additional states will get COVID-19 vaccines to qualified populations. Plus, Lowe’s reported total sales of $20.3 billion for the fourth quarter.
Canada’s GoFor Introduces ‘Shop Local’ Delivery Effort In Several US Cities
GoFor Industries, which is based in Ottawa, Canada, has started a “Shop Local” effort in multiple U.S. cities such as Charlotte, North Carolina and Memphis, Tennessee. The first 100 firms in each city that apply and qualify for the program will receive five free deliveries to test out the GoFor same-day delivery service with their local customers.
CVS Health Will Provide COVID-19 Inoculations In Six More States
Select CVS Pharmacy locations in Ohio, Pennsylvania, Florida, Louisiana, Alabama and Arizona will provide COVID-19 vaccines to eligible populations by the way of the Federal Retail Pharmacy Program. The additions follow a mid-February rollout in 11 states including Massachusetts, New York and Virginia. Nearly 100,000 CVS Pharmacy stores are in existence across the nation.
Lowes.com Sales Spike 121 Pct, Driving Q4 Results And Topping Home Depot
Lowe’s reported on Wednesday (Feb. 24) total sales of $20.3 billion for the fourth quarter. “Strong execution enabled us to meet broad-based demand driven by the continued consumer focus on the home, with growth over 16 percent in all merchandising departments, over 19 percent across all U.S. regions,” Lowe’s President and CEO Marvin Ellison said in an earnings announcement.
Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue
At Square, it’s getting hard to separate bitcoin from dollars. The firm’s fourth-quarter financials reported on Tuesday (Feb. 23) were overshadowed by particulars regarding the usage of the digital currency and its own announcement that it is investing $170 million more in it above its recent $50 million investment in October. The news comes as over 3 million customers bought or sold bitcoin on Cash App in 2020.
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