Industries

Retail

CVS to hire 15,000 workers ahead of flu season, COVID-19 vaccines

CVS to hire 15,000 workers ahead of flu season, COVID-19 vaccines

Source: Reuters
Date of Publication: October 19th, 2020
U.S. pharmacy chain CVS Health Corp on Monday said it will hire 15,000 employees in the fourth quarter of this year as the onset of winter could fuel a resurgence in the spread of COVID-19 and flu cases.
TikTok is driving massive toy sales as play dates become less frequent during pandemic

TikTok is driving massive toy sales as play dates become less frequent during pandemic

By: Sarah Whitten
Source: CNBC
Date of Publication: October 16th, 2020
Social media influencers were the fourth-most cited reason for someone making a toy purchase. More than 100 million Americans are monthly active users of TikTok. With that many eyeballs, it’s no wonder that toy companies are partnering with content creators to showcase products on the app. A number of toy companies have cited paid partnerships with TikTok creators as reasons for toy sale surges.
Walgreens promises return to profit growth as COVID-19 impact eases

Walgreens promises return to profit growth as COVID-19 impact eases

By: Mrinalika Roy, Manas Mishra
Source: Reuters
Date of Publication: October 15th, 2020
Walgreens Boots Alliance Inc WBA.O on Thursday forecast a return to growth in profit next year, banking on a recovery in the second half of fiscal 2021 after improvement in U.S. and UK markets helped it beat estimates for the most recent quarter.
Walmart to spread out deals to avoid Black Friday crowds

Walmart to spread out deals to avoid Black Friday crowds

By: ANNE D'INNOCENZIO
Source: The Associated Press
Date of Publication: October 14th, 2020
Walmart says it will spread out its traditional one-day Black Friday deals over three weekends in November in an effort to reduce crowds in its stores during a pandemic.
Amazon taking extra precautions against COVID-19 ahead of Prime Day

Amazon taking extra precautions against COVID-19 ahead of Prime Day

By: Kelly Roberts
Source: WMC5
Date of Publication: October 7th, 2020
Amazon Prime Day has become the new, unofficial start of the holiday shopping season. Millions of packages will be shipped out, but six feet is the number workers are expected to focus on inside Amazon facilities.
Pandemic pushes start of holiday shopping earlier than ever

Pandemic pushes start of holiday shopping earlier than ever

By: JOSEPH PISANI and ANNE D'INNOCENZIO
Source: The Associated Press
Date of Publication: October 5th, 2020
Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic.
IKEA gets sales boost from shoppers' new stay-at-home focus

IKEA gets sales boost from shoppers' new stay-at-home focus

By: Anne Ringstrom
Source: Reuters
Date of Publication: October 6th, 2020
IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers’ interest in spending more on their homes, a trend the world’s biggest furniture retailer believes is here to stay.
Dick's Sporting Goods to hire 9,000 holiday season workers, eyes surge in online orders

Dick's Sporting Goods to hire 9,000 holiday season workers, eyes surge in online orders

By: Richa Naidu
Source: Reuters
Date of Publication: October 8th, 2020
Dick’s Sporting Goods said on Thursday it will hire up to 9,000 workers to cover the holiday season in its stores, 1,000 more than last year, expecting a jump in online orders amid the coronavirus pandemic.
U.S. weekly jobless claims inch lower, but remain stubbornly high

U.S. weekly jobless claims inch lower, but remain stubbornly high

By: Dan Burns
Source: Reuters
Date of Publication: October 8th, 2020
The number of Americans filing new claims for jobless benefits inched down last week, signaling the U.S. labor market is making little fresh headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions.
U.S. commercial bankruptcies up 33% year to date

U.S. commercial bankruptcies up 33% year to date

Source: Reuters
Date of Publication: October 5th, 2020
U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed.