40.33 F
New York
March 31, 2020
Home » Retail industry

Retail industry

CNBC Business

Walmart will start taking employees’ temperatures

CNBC
CNBC – For more and to sign up click here People wait as an employee restocks a shelf with disinfectant wipes as people shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto, Ontario, Canada March 13, 2020. Carlos Osorio | Reuters Walmart will start taking employees’ temperatures when......
CNBC Business

Macy’s will furlough most employees beginning this week

CNBC
CNBC – For more and to sign up click here Macy’s said the majority of its employees will be furloughed beginning this week as it copes with significant sales losses during the coronavirus pandemic. The retailer declined to say how many employees will be affected by the furloughs. It said......
CNBC Business

Mall owner Taubman is telling tenants they must pay rent

CNBC
CNBC – For more and to sign up click here U.S. mall owner Taubman is telling its tenants that they must pay rent amid the coronavirus pandemic. In a memo dated March 25, which was obtained by CNBC, the real estate investment trust said it still has its own obligations to......
CNBC Business

Amazon entices warehouse employees to grocery unit with higher pay

CNBC
CNBC – For more and to sign up click here A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole......
CNBC Business

US retail store closures to drag into April, likely longer

CNBC
CNBC – For more and to sign up click here March 27.  This Friday was the day that many retailers set roughly two weeks ago as the marker for how long they planned to temporarily keep their shops closed. But as the number of COVID-19 cases continues to rise, nothing is......
CNBC Business

Nike gets more exercise app users, and it’s driving online sales

CNBC
CNBC – For more and to sign up click here Nike‘s stores might be temporarily shut due to COVID-19, but the sportswear giant is getting more people to sweat during stressful times. With many gyms like Equinox shut down, people are turning to its apps, and that is helping boost......
CNBC Business

North Carolina Gov. Roy Cooper orders residents to stay at home order amid coronavirus outbreak

CNBC
CNBC – For more and to sign up click here Governor Roy Cooper, D-NC address the crowd during the Rally for Respect outside the North Carolina Legislative Building on May 16, 2018 in Raleigh, North Carolina. Sara D. Davis | Getty Images North Carolina Gov. Roy Cooper issued a stay-at-home......
CNBC Business

Fanatics makes MLB masks and gowns to fight coronavirus

CNBC
CNBC – For more and to sign up click here MLB and Fanatics are teaming up to support healthcare workers Source: Fanatics They were supposed to be celebrating Opening Day, but instead Major League Baseball and Fanatics are teaming up for a very different cause: the fight against COVID-19. Sports......
CNBC Business

Lululemon (LULU) reports Q4 2019 earnings beat

CNBC
CNBC – For more and to sign up click here A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that......
CNBC Business

Trump admin saved Walmart from facing criminal charges over opioid sales: Report

CNBC
CNBC – For more and to sign up click here Federal prosecutors in 2018 wanted to criminally charge Walmart over the company’s opioid sales, but top Trump administration law enforcement officials killed that effort, a bombshell report says.  In a ProPublica article published Wednesday, the investigative journalism outlet reported that prosecutors from the......
CNBC Business

McDonald’s is pulling its all-day breakfast menu as it limits options amid pandemic

CNBC
CNBC – For more and to sign up click here A man steps out of a McDonalds restaurant with sign announcing take-out service only in Hollywood, California on March 16, 2020 as the Coronavirus pandemic brings much of California to a standstill. Frederic J. Brown | AFP | Getty Images......
CNBC Business

Target scales back store remodels and openings amid coronavirus outbreak

CNBC
CNBC – For more and to sign up click here Target is putting some of its ambitious growth plans on hold as it focuses on the day-to-day realities of dealing with coronavirus outbreak.  The company will put on hold plans to remodel hundreds of stores, postponing openings of new stores and......
CNBC Business

76ers, Devils cut salaries, move employees to 4-day week

CNBC
CNBC – For more and to sign up click here The logo for the National Hockey League’s (NHL) New Jersey Devils is displayed outside the team’s home arena, the Prudential Center, in Newark, New Jersey. Victor J. Blue | Bloomberg | Getty Images The financial impact of a sports shutdown......
CNBC Business

Here are the states issuing orders and advisories to stay at home

CNBC
CNBC – For more and to sign up click here Nearly empty of cars and pedestrians at 42nd street in Manhattan due to the pandemic COVID-19. Lev Radin | Pacific Press | LightRocket via Getty Images A growing list of states is telling residents to stay at home during the......
CNBC Business

Nordstrom suspends dividend, taps credit in midst of coronavirus

CNBC
CNBC – For more and to sign up click here Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday that it is suspending its dividend, halting share buybacks and......
CNBC Business

Pressure is rising to postpone the 2020 Tokyo Olympics

CNBC
CNBC – For more and to sign up click here People wearing protective face masks, following an outbreak of the coronavirus, are seen next to the Olympic rings in front of the Japan Olympic Museum in Tokyo, Japan, February 26, 2020. Athit Perawongmetha | Reuters There is mounting pressure to......
CNBC Business

H&M weighs tens of thousands of job cuts because of coronavirus

CNBC
CNBC – For more and to sign up click here General view of the closed H&M store, at Avenue des Champs Elysees, in the 8th quarter of Paris, as the city imposes emergency measures to combat the Coronavirus COVID-19 outbreak, on March 16, 2020 in Paris, France. Edward Berthelot |......
CNBC Business

Best Buy shifts stores to curbside pickup only as demand surges for home office equipment

CNBC
CNBC – For more and to sign up click here A Best Buy store is seen in Los Angeles, California, U.S., March 13, 2017. Lucy Nicholson | Reuters Best Buy  announced its shifting all of its stores to curbside only as demand surges for home office equipment amid the coronavirus outbreak. “We......
CNBC Business

Macy’s withdraws earnings outlook, suspends dividend amid coronavirus

CNBC
CNBC – For more and to sign up click here Macy’s store in New York City. SOPA Images | LightRocket | Getty Images Macy’s said Friday that it has fully drawn its $1.5 billion revolving credit facility, in the midst of the coronavirus pandemic. The department store chain said it did......
CNBC Business

McDonald’s suspended its $15 billion buyback program several weeks ago

CNBC
CNBC – For more and to sign up click here McDonald’s CEO Chris Kempczinski said Friday that the company suspended its buyback program several weeks ago. “Really, for us, we just wanted to maintain maximum flexibility as we went into this crisis and be as nimble as we needed to,”......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More