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.
Amazon.com Inc on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response of the world’s largest online retailer.
TJX Cos Inc (TJX.N) on Wednesday forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Walmart Inc’s (WMT.N) margins and online sales are expected to benefit in the second quarter as the largest U.S. retailer cashed in on shoppers using government stimulus checks to buy higher-priced products like sneakers and toys along with daily essentials.
Online sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But many retailers, from department store chain Macy’s Inc to essential retailer Target Corp, are grappling with higher expenses related to e-commerce.
Walmart Inc (WMT.N) said on Monday it has partnered with e-commerce firm Shopify Inc (SHOP.TO) (SHOP.N), as it looks to expand its online marketplace business and cash in on the coronavirus-driven jump in online shopping.