Tipsheet: Amazon Visits +32% | OOS HEB #1/Target #2 | Lowe’s #3 Radio
Walmart/Sam's Club will start taking employees’ temperatures before shifts at CNBC. "If an employee has a temperature of 100.0 degrees or more, he or she will be paid for reporting to work and asked to return home or get medical care. Employees with a high temperature won’t be allowed to return to work until they’re fever-free for at least three days." Read more ...6-20-100 guidance "6 feet is the among of space people should keep from others...20 seconds is the among of time people should take to wash their hands...And 100 is the temperature that someone should stay [...]
Tipsheet: Baby Chicks Sold Out | Amazon Walkout | Instacart Workers Strike?
Instacart workers seek strike as jobs get busier, riskier at AP. "Instacart said Sunday it would soon provide workers with a new hand sanitizer upon request and outlined changes to its tip system. The group said the measures were too little too late. While some workers say they intend to join the strike for at least a day — or have stopped filling orders already for fear of getting the virus — other, newer workers are content to have a paying job at a time of mass layoffs in other industries." Read more Amazon workers at Staten Island [...]
Tipsheet: WM DOJ Strategy | lulu +20% | 40% Retail Sq Ft Closed
It may be a while before many of America’s stores open again as coronavirus crisis worsens by Phil Wahba at Fortune. "GlobalData Retail has been tracking the closings and by Thursday morning estimated that 40.9% of retail square footage in the U.S. is currently closed. The firm now expects retail sales to be down 12.4% this month, 11.6% in April, and 6.1% in May, when the crisis should start easing." Read more lululemon Q4 comp sales +20% Press release Amazon warehouse workers are outraged after a coworker tested positive for COVID-19 and they weren’t notified by [...]
Tipsheet: Target March 20%+ | “Begging” Dillard’s To Close | Cornell @ CNBC
Target CEO @ CNBC "In an interview with CNBC’s Becky Quick on “Squawk Box,” Cornell said he meets with his leadership team every day to adapt to new shopping patterns and discuss ways to keep shoppers and employees safe from the highly contagious virus...In order to minimize disruptions, Target will wrap up remodels already underway but won’t start new ones." Video/Read more Target's month-to-date March comp sales are up more than 20 percent above last year Essentials and Food & Beverage up more than 50 percent Apparel & Accessories are down more than 20 percent Press release [...]
Tipsheet: N.Marcus Bankruptcy Talks | JIT Jeff | H.Lobby Vision Changes
Trump says businesses could reopen — soon — while fighting coronavirus at CNBC. "At some point we’re going to open up our country, and it will be fairly soon,” Trump said during an evening press briefing on the fast-spreading virus. Asked whether “soon” could be a matter of weeks or of months, Trump replied, “I’m not looking at months.” Read more These Drugs Are Helping Our Coronavirus Patients by Jeff Colyer & Daniel Hanthorn at Wall Street Journal. "Our experience suggests that hydroxychloroquine, with or without a Z-Pak, should be a first-line treatment. Unfortunately, there is already a [...]
Tipsheet: Plastic Bags Back | B.Buy Curb Only | Pay Hikes & Bonuses
CVS to hire 50,000 workers, gives bonuses to employees amid coronavirus pandemic at USA Today. "CVS is giving workers bonuses of up to $500. Eligible recipients include pharmacists, store employees and managers." Read more Best Buy shifts stores to curbside pickup only at CNBC. "Customers will also still be able to order online or on the app and have their items shipped directly to their homes. However, all in-home installations and repair services have been suspended." Read more Loblaws to install Plexiglas shields to protect cashiers from coronavirus at Montreal Gazette. "The company also announced that existing [...]
Tipsheet: Tome UPS CEO | WM China Cucumbers | Ulta +4%
How China Kept Its Supermarkets Stocked as Coronavirus Raged by Julie Wernau at Wall Street Journal. "By targeting soon-to-expire foods that might ordinarily have been thrown away by suppliers, Walmart was able to locate a massive batch of cucumbers in Yunnan province. Staff members worked through the night at a distribution center to test and sort the cucumbers for delivery to stores the next morning." WSJ subs. 7-Eleven owner allegedly sold homemade hand sanitizer that burned four kids at CNN. "Let me be perfectly clear: If you try to take advantage of our residents during a public health [...]
Tipsheet: Costco: No Work From Home | D. Gen +3.2% | Joly Steps Down
Costco says equity is why it can't allow office work from home by Carolyn Adolph at KUOW. "In an email Costco CEO W. Craig Jelinek reminds workers that the vast majority of Costco employees are in stores and warehouses, and don't have the option to work from home. “This decision may be unpopular with some, but we consider it a matter of equity and fairness."...One worker told KUOW...(that) even meetings being streamed on the internet must only be viewed at the office." Read more Dollar General Q4 comp sales +3.2% Press release Party City names Brad Weston as [...]
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