Visa withdraws annual outlook amid virus outbreak

(Reuters) – Visa Inc on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the COVID-19 pandemic even while posting a second-quarter profit that rose 4%.

In January, the world’s No. 1 payments processor forecast a revenue growth in the low-double digits for the full year.

“Our prior outlook for fiscal 2020 is no longer relevant, and it is not possible to provide you with any reliable forecast for the second half,” Chief Financial Officer Vasant Prabhu said.

U.S. retail sales suffered a record drop in March from the closure of bars, restaurants and non-essential retailers such as clothing stores, outweighing an anticipated surge in spending on household essentials and at online retailers such as Amazon.com Inc.

“About 1/4 of our payments volume is in the hardest-hit categories, including travel, fuel, restaurants and entertainment,” Prabhu said.

The company’s total payments volume rose

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Lowe’s sending $1 million worth of flowers to moms isolated because of the coronavirus

Lowe’s Home Improvement is sending $1 million worth of flowers to mom’s who can’t be with their family this Mother’s Day because of the novel coronavirus.

The Mooresville-based company is donating flower baskets to more than 500 long-term care and senior living facilities across more than 12 markets impacted by the COVID-19 pandemic, including Charlotte, New York, Seattle, Chicago, Boston, Houston and Miami.

“We hope that these flower deliveries, made possible by our network of local nurseries will bring a spark of joy to the moms and grandmothers in senior housing who may feel alone this Mother’s Day,” said Marisa Thalberg, Lowe’s executive vice president, chief brand and marketing officer.

Metrolina Greenhouses in Huntersville was one of the providers of the flowers.

“We will send nearly 25,000 flowers to more than 70 local facilities this week, including one to a local housing facility where an associate from our South End

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The cast of ‘Boy Meets World’ 20 years later

Rider Strong, Ben Savage, and Danielle Fishel on "Boy Meets World."
Rider Strong, Ben Savage, and Danielle Fishel on “Boy Meets World.”

ABC

  • “Boy Meets World” premiered on ABC in September 1993 and lasted for seven seasons.

  • The sitcom starred Ben Savage as Cory Matthews, Rider Strong as Shawn Hunter, and Danielle Fishel as Topanga Lawrence-Matthews.

  • Visit Insider’s homepage for more stories.

“Boy Meets World” premiered on ABC in September 1993 and concluded in May 2000. 

At the onset, the series centered on Cory Matthews (played by Ben Savage), a sixth-grader attending Jefferson Elementary School in Philadelphia. As the show progressed, fans watched Cory go to high school and later attend Pennbrook University with his friends. 

Over the course of seven seasons, he got into mischief with best friend Shawn (Rider Strong), learned valuable life lessons from teacher Mr. Feeny (William Daniels), and married longtime love Topanga (Danielle Fishel). “Boy Meets World” also spawned a Disney

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Pandemic Pits E-Commerce Giant Amazon Against Big Box Stores, Mall Outlets

For retailers, Q1 earnings might resemble a Charles Dickens novel  as a tale of two sectors: Essential and nonessential—or perhaps brick-and-mortar and e-commerce.

Companies with the goods consumers needed as they hunkered down at home are widely expected to have rung up relatively healthy sales numbers, analysts said. Those that sold discretionary items probably struggled.

And it could be better yet for those essential retailers with strong e-commerce platforms to peddle food, aseptic solutions and even lumber (home repair projects seem popular now as people can’t really go anywhere). Non-store retail sales in March, at the onset of the shutdown throughout the U.S. slipped 3.1%, according to the Commerce Department. That sounds disappointing, but not when you look at overall retail sales that month falling 8.7%, making March the worst month ever for retail sales in data going back to 1992.

As many stockpiled food and filled medicine cabinets and

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