Gap Inc. reduces cap expenditures, postpones dividend payment, taps credit lineGap Inc. has taken “precautionary actions” to strengthen financial flexibility in response to the COVID-19 pandemic. CSA Exclusive: COVID-19 impacts retailers on products, personalization, peopleA closer look at the recent Chain Store Age COVID-19 survey reveals some very specific areas where the pandemic is disrupting operations. Want COVID-19 information? Ask Alexa Amazon is offering a variety of informational and communication services via its Alexa voice assistant and other platforms. Lululemon Q4 sales, earnings beat Street but provides no guidance Lululemon reported a strong fourth quarter, fueled by surging online and men’s sales. Build-A-Bear Workshop furloughs over 90% of workforce; reduces pay for remaining staff Build-A-Bear Workshop furloughed the majority of its workforce, with the employees receiving benefits but not “direct compensation,” effective March 29. Lowe’s hiring 30,000; giving out bonuses; takes new store safety measures Lowe’s is taking new preventative measures and announced an additional $80 million commitment in response to the coronavirus pandemic. Walmart automates supplier negotiations Walmart is leveraging artificial intelligence (AI) to negotiate more valuable supplier contracts at lower cost. BigRentz in merger with Lizzy Lift The nation’s largest equipment rental network has entered into a merger with a construction equipment rental services company. Survey reveals demographic differences in consumer response to COVID-19 More men than women are stockpiling groceries and cutting back on spending during the COVID-19 pandemic. People survey: Consumers watching how employers treat workers during COVID-19 How companies treat their workers during COVID-19 will influence future purchases. First Previous 745 746 747 748 749 Next Last
