Retail

Retail
Target Adjusts Strategic Initiatives As Comps Surge

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. 

Retail
Kroger Providing Bonuses To Associates

Kroger will provide a one-time bonus to every hourly frontline grocery, supply chain, manufacturing and customer service associate, amounting to $300 for every full-time associate and $150 for every part-time associate.

Retail
Pier 1 Imports Furloughs Workers

Pier 1 Imports, which filed for Chapter 11 in February, is taking additional measures to preserve liquidity and mitigate the financial impact of the COVID-19 pandemic, including a worker furlough program.

Retail
Big Lots Strengthens Business Operations

Big Lots has updated its business operations related to the impact of COVID-19. As a provider of everyday essentials, Big Lots said its stores remain open with a special emphasis on grocery, cleaning, pet, and health and wellness assortments.

Retail
Walmart To Hire 150K Workers

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.

Retail
Target Boosts Investment Into Employee Programs

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.

Retail
Dollar General Hiring To Support Operations

As the heightened demand for household essentials offered by Dollar General stores continues across the country amid COVID-19 concerns, the company plans to nearly double its normal hiring rate and add up to 50,000 employees by the end of April.

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