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Walmart raising pay for 165,000 hourly workers at Talk Business. “The new system includes new leadership roles in supercenters, both at the salaried and hourly level: store lead (formerly co-manager), coach (formerly assistant manager) and team lead (previously department manager). The retailer says the staffing structure is similar to a system it’s been trying […]
Amazon Plans to Put 1,000 Warehouses in Suburban Neighborhoods at Bloomberg. “The facilities, which will eventually number about 1,500, will bring products closer to customers, making shopping online about as fast as a quick run to the store. It will also help the world’s largest e-commerce company take on a resurgent Walmart Inc.” Read […]
Amazon Plans to Put 1,000 Warehouses in Suburban Neighborhoods at Bloomberg. “The facilities, which will eventually number about 1,500, will bring products closer to customers, making shopping online about as fast as a quick run to the store. It will also help the world’s largest e-commerce company take on a resurgent Walmart Inc.” […]
Holiday spending will hinge on how much the rich splurge and the poor cut back: Deloitte at CNBC. “…holiday retail sales this year are forecast to rise between 1% and 1.5%…Deloitte expects there could be a relatively stable 0% to 1% jump in sales during the holidays, if consumers — especially lower-wage earners — […]
Still reeling from Hurricane Laura, Gulf Coast braces for new storm Sally at USA Today. “The National Hurricane Center said Sally is likely to bring “life-threatening storm surge, hurricane-force winds and flash flooding” along the Gulf Coast as soon as Monday. The storm is forecast to make landfall in southeastern Louisiana early Tuesday as a […]
Kroger Q2 comp sales (without fuel) +14.6% / Digital sales +127% Press release …Kroger forecasts upbeat 2020 sales on pandemic boost at Reuters. “…expects full-year comparable sales to rise more than 13%…(comp sales) rose 14.6%, beating estimates of a 10.96% rise…On an adjusted basis, Kroger earned 73 cents per share, beating estimates of […]
Target pledges to increase number of Black employees by 20% at CNBC. “About 75% of its leadership team is White and 8% are Black, based on 2019 data. That rises to nearly a quarter, however, when including all people of color like Latinos and Asians.” Read more Walmart+ launches new ad campaign “The […]
Walmart to test drone delivery of grocery, household items at Reuters. “…test would start on Wednesday in Fayetteville, North Carolina, with cloud-controlled drones picking up and dropping off select items. “We know that it will be some time before we see millions of packages delivered via drone. That still feels like a bit of […]
