Tipsheet: CVS Buys Schnucks Pharmacies | WM Emergency Pay | Hy-Vee +22 Wahlburgers
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 virus will also receive two weeks of pay. If they are not able to return to work after that time, additional pay may be provided for up to 26 weeks for both full- and part-time hourly workers.” Read more
Amazon Battles Counterfeit Masks, $400 Hand Sanitizer Amid Virus Panic at Wall Street Journal. “The company scans billions of price changes a week and has removed 530,000 offers and suspended 2,500 accounts because of coronavirus-related price gouging, (an Amazon spokesperson) said. The company also removed millions of products that make unsupported claims about the coronavirus, he added.” WSJ subs.
Build-A-Bear Q4 total revenues +3.0% Press release
Amazon will donate $5M to help small businesses near its headquarters mitigate coronavirus losses by Monica Nickelsburg at GeekWire. Read more
CVS Pharmacy to acquire 110 Schnucks pharmacies Press release
Hy-Vee replacing all 22 Market Grille restaurants with Wahlburgers by John Ewoldt at Star Tribune. “Of the 45 employees who worked at the Brooklyn Park location, seven or eight were asked to stay on to work at the new Wahlburgers at a lower pay rate, the employee said. Some general managers were given two weeks severance pay.” Tiered subs.
Lowe’s CEO Marvin Ellison at BofA Securities 2020 Consumer & Retail Technology Conference at Seeking Alpha. Transcript
Express, Inc. Q4 comp sales -3.0% Press release
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America’s Best Startup Employers (Allbirds #1) at Forbes. List
SpartanNash Promotes Thomas Swanson to Executive Vice President and General Manager, Corporate Retail Press release
US consumer prices grew 0.1% in February as food costs rose at AP. Read more
PepsiCo buying energy drink maker Rockstar for $3.85B at AP. Read more
How Square took on a challenge from Amazon — and won by Clare Duffy at CNN. “The answer to Square’s success, McKelvey said, was that it didn’t just sell iPhone-connected card readers — it operated nearly every aspect of its business differently from traditional payments or point-of-sale companies, forcing it to develop what he calls an “innovation stack.” Video/Read more
Dick’s Sporting Goods CEO Ed Stack on Q4 Earnings Call at Seeking Alpha. Transcript
Congressman Gaetz slept in Walmart parking lot to avoid infecting others with possible coronavirus by Jim Thompson at Pensacola News Journal. “On board Air Force One on Monday, as soon as he got his chief of staff’s message, Gaetz told someone that he needed to go into isolation immediately…He was placed in an unoccupied office aboard Air Force One, with the door closed, for the flight back to Washington, D.C.” Read more
Tipsheet Extra
California hotels are being used for coronavirus quarantines
NBC News Explores Streaming Options for ‘Today’
Tesla is eyeing Nashville for Cybertruck gigafactory
Dyson’s newest beauty product is a $499 hair straightener
Amazon invites sellers to Mexico Hot Sale 2020
Restaurant urges customers to stop paying with cash to slow coronavirus
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