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It may be a while before many of America’s stores open again as coronavirus crisis worsens by Phil Wahba at Fortune. “GlobalData Retail has been tracking the closings and by Thursday morning estimated that 40.9% of retail square footage in the U.S. is currently closed. The firm now expects retail sales to be […]
Target CEO @ CNBC “In an interview with CNBC’s Becky Quick on “Squawk Box,” Cornell said he meets with his leadership team every day to adapt to new shopping patterns and discuss ways to keep shoppers and employees safe from the highly contagious virus…In order to minimize disruptions, Target will wrap up remodels already […]
Trump says businesses could reopen — soon — while fighting coronavirus at CNBC. “At some point we’re going to open up our country, and it will be fairly soon,” Trump said during an evening press briefing on the fast-spreading virus. Asked whether “soon” could be a matter of weeks or of months, Trump replied, […]
CVS to hire 50,000 workers, gives bonuses to employees amid coronavirus pandemic at USA Today. “CVS is giving workers bonuses of up to $500. Eligible recipients include pharmacists, store employees and managers.” Read more Best Buy shifts stores to curbside pickup only at CNBC. “Customers will also still be able to order online […]
How China Kept Its Supermarkets Stocked as Coronavirus Raged by Julie Wernau at Wall Street Journal. “By targeting soon-to-expire foods that might ordinarily have been thrown away by suppliers, Walmart was able to locate a massive batch of cucumbers in Yunnan province. Staff members worked through the night at a distribution center to test […]
Costco says equity is why it can’t allow office work from home by Carolyn Adolph at KUOW. “In an email Costco CEO W. Craig Jelinek reminds workers that the vast majority of Costco employees are in stores and warehouses, and don’t have the option to work from home. “This decision may be unpopular with some, […]
Walmart enacting emergency leave policy for its 1.4 million hourly US workers at NY Post. “…hourly workers who work in a store, club, office or distribution center will receive up to two weeks pay if they’re required to quarantine by the government or by the retailer. Workers who have a confirmed case of the […]
Dick’s Q4 comp sales +5.3% Press release …Dick’s shares jump – pulling guns from another 440 stores this year “Comp sales up 5.3% vs. growth of 3% expected.” Read more Stitch Fix shares crater more than 35% as sales miss and outlook disappoints at CNBC. “On the heels of its disappointing second-quarter […]
