coronavirus

Retail
CVS Expanding Workforce In Arizona

In anticipation of the increased demand for influenza vaccinations and the likely ongoing presence of COVID-19 this fall, CVS Health said it is hiring for approximately 300 new jobs throughout Arizona over the coming months. 

Retail
Stein Mart Files Chapter 11

Stein Mart and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division.

Appliances
Welsh Positions SodaStream For Changing Retail Landscape

Slightly more than 18 months after being acquired by global beverage giant PepsiCo in a deal valued at $3.2 billion, SodaStream is enjoying expansion in sales of its consumer home carbonation products, including carbonation machines, CO2 cartridges, syrups, concentrates and other water flavorings.

Retail
NRF: Retailers Cautious As Imports Decline

Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Appliances
Newell Brands Encouraged By Q2 Improvement

During the second quarter of 2020, Newell Brands continued to experience COVID-19 related disruption to its business. However, the company said it saw top line improvement throughout the quarter, and its appliances and cookware segment remained relatively steady and saw an increase in core sales during the quarter.

Financials
Overstock Q2 Sales Jump

In a market impacted by the COVID-19 pandemic, Overstock gained substantially in the second quarter as consumers turned to it for a range of products including home furnishings.

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