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MINNEAPOLIS — Target Corp. said Friday that it will invest more than $300 million in wage increases, a new paid leave program, bonus payouts and relief fund contributions. “With each passing day, it’s clearer how indispensable our team is to communities across the country as our guests cope with the coronavirus,” Target CEO Brian Cornell
BENTONVILLE, Ark. — Walmart has unveiled its own fiscal stimulus package, in the form of cash bonuses for all of its U.S. hourly associates. Walmart said Wednesday that the bonus of $300 for full-time hourly associates and $150 for part-time hourly associates will be paid to hourly associates in stores, clubs, supply chain and offices.
ST. PETERSBURG, Fla. — Consumer shopping behavior is changing dramatically in response to the COVID-19 pandemic, according to an analysis by Catalina Marketing, which finds that store trips and basket sizes are up and once sleepy product categories are seeing surges in sales. Total dollar sales per store for the week ended March 14 were
ISSAQUAH, Wash. — Costco Wholesale Corp. has acquired Innovel Solutions, a logistics firm specializing in last-mile delivery and installation services, for $1 billion. The move is seen as helping Costco support online sales of such products as furniture, large appliances, fitness equipment and big-screen televisions. Innovel has for decades provided Sears and, more recently, third
GOODLETTSVILLE, Tenn. —Dollar General stores on Tuesday began to set aside the first hour of each shopping day to seniors. Recognizing that seniors are one of the populations most vulnerable to the COVID-19 coronavirus, the retailer said it wants give these at-risk customers with the ability to buy the items they need at the beginning
ARLINGTON, Va. — The National Association of Chain Drug Stores announced Monday that the 2020 Annual Meeting will not be held, due to the COVID-19 pandemic. Here is the statement from NACDS president and chief executive officer Steven Anderson: An unwavering member focus defines NACDS and the NACDS Annual Meeting. As the COVID-19 situation evolved
WASHINGTON — Retail trade association leaders addressed the issue of product shortages and empty store shelves this weekend, urging consumers to “shop responsibly” and vowing to make sure that food and other products will remain available during the COVID-19 crisis. FMI – The Food Industry Association on Sunday participated in a White House call, promising
GOODLETTSVILLE, Tenn. — Dollar General Corp. posted fourth quarter same-store gains that beat estimates. Net sales for the quarter ended January 31 increased 7.6% to $7.2 billion. Same-store sales increased 3.2% compared to the fourth quarter of 2018, driven by increases in both customer traffic and average transaction amount. The company reported net income of
GOODLETTSVILLE, Tenn. — Dollar General Corp. celebrated a major milestone Monday morning with the grand opening of its first store in Wyoming, its 45th state. “Today, we are excited to welcome Pine Bluffs, Wyoming to the communities we have the privilege to serve everyday with value and convenience,” Dollar General chief executive officer Todd Vasos
WASHINGTON — The National Association of Chain Drug Stores cancelled its planned RxIMPACT Day, citing the likelihood of cancelled meetings due to the COVID-19 virus. NACDS president and chief executive officer Steven Anderson announced the cancellation Monday in a memo posted on the association’s web site. The event was to include a reception and dinner
ISSAQUAH, Wash.— Costco Wholesale Corp. reported a 10.5% increase in net sales for the second quarter of fiscal 2020. Comp store sales were up 9.1% in the United States and 8.9% for the company as a whole. Net sales for the 12 weeks ended February 16 totaled $38.26 billion, up from $34.63 billion in the
CINCINNATI — Kroger Co. posted solid fourth-quarter results on Thursday, with sales fueled by its private-label offerings and its expanded online pickup and delivery capabilities. Same-store sales (excluding gasoline) increased 2% from the comparable period a year earlier. Fourth-quarter digital sales increased 22%. Full-year comps were also up 2%, and digital sales increased 29%. Total