Walmart Inc. is giving its hourly employees another round of cash bonuses. It’s also closing its stores on Thanksgiving Day, which falls on Nov. 26 this year.
Tailored Brands expects to close up to 500 stores “over time” and reduce its corporate workforce as a result of business disruptions from the COVID-19 pandemic.
Retailers experienced increased online and e-commerce fraud volumes and monetary losses correlating to a mass shift to online and mobile transactions during the COVID-19 pandemic.