Tractor Supply Company has taken several actions as an essential, needs-based retailer to support its team members, customers and communities during the COVID-19 pandemic.
As the COVID-19 crisis has evolved, Target said it has been experiencing unusually strong traffic and sales, particularly in its stores and same-day services, as consumers rely on Target for essential items like food, medicine, cleaning products and pantry stock-up items. As a result, the company has adjusted the expected timing of some of its strategic initiatives.
Although shopping habits have necessarily changed in the fight against the COVID-19 pandemic, a Coresight Research study indicated that almost half of consumers expect that the things they are doing because of the outbreak will remain critical to their future shopping habits.
Nordstrom is taking precautionary measures to strengthen its financial position in response to the rapidly changing market circumstances arising from the COVID-19 pandemic.
According to a New York Post report, Amazon will bid on four stores as part of an auction of Fairway supermarket locations.
Marvin Ellison, president and CEO of Lowe’s, has issued a letter detailing steps the company is taking to support efforts combating the COVID-19 outbreak, including donations and initiatives in support of customer and employee health.
As part of responding to the current environment, Walmart is hiring 150,000 new associates through the end of May to work in stores, clubs, distribution centers and fulfillment centers. These roles will be temporary at first, but many will convert to permanent roles over time.
Target is investing $300 million in a range of employee-related initiatives. In recognition of the significant contributions its frontline team members are playing during this time, Target said it is raising their pay by $2 an hour until at least May 2.
The National Retail Federation has sent a letter to President Donald Trump and various administration officials, as well as state retail associations, urging the federal government to produce national guidance for state and local governments seeking to clarify “essential retail businesses and services” for their communities.