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#SmartDissent Retail Summary (1/x):
"Kroger Co. plans to test one-way aisles soon in another effort to limit customers’ and employees’ exposure to the coronavirus." https://www.bizjournals.com/cincinnati/news/2020/04/02/kroger-to-test-one-way-aisles-to-limit-coronavirus.html
"Kroger Co. plans to test one-way aisles soon in another effort to limit customers’ and employees’ exposure to the coronavirus." https://www.bizjournals.com/cincinnati/news/2020/04/02/kroger-to-test-one-way-aisles-to-limit-coronavirus.html
#SmartDissent Retail Summary (2/x):
"Target Corp. said it will provide its 350,000-plus workers in stores and distribution centers with face masks and gloves at the beginning of each shift and will strongly encourage them to wear them while working." https://www.startribune.com/target-will-provide-workers-masks-gloves-monitor-number-of-shoppers-in-stores/569329792/
"Target Corp. said it will provide its 350,000-plus workers in stores and distribution centers with face masks and gloves at the beginning of each shift and will strongly encourage them to wear them while working." https://www.startribune.com/target-will-provide-workers-masks-gloves-monitor-number-of-shoppers-in-stores/569329792/
#SmartDissent Retail Summary (3/x):
"H-E-B and other grocery stores across the United States are moving quickly to socially distance shoppers and limit store capacity amid the COVID-19 outbreak." https://progressivegrocer.com/h-e-b-other-grocers-rush-distance-shoppers
"H-E-B and other grocery stores across the United States are moving quickly to socially distance shoppers and limit store capacity amid the COVID-19 outbreak." https://progressivegrocer.com/h-e-b-other-grocers-rush-distance-shoppers
#SmartDissent Retail Summary (4/x):
"Employees at Dollar Tree’s 24 distribution centers in the country have been working seven days a week to send shipments to stores... Dollar Tree [and Family Dollar] has about 15,000 stores in the U.S. and Canada." https://www.cnbc.com/2020/04/01/dollar-tree-ceo-gary-philbin-supply-chain-stressed-due-to-coronavirus.html
"Employees at Dollar Tree’s 24 distribution centers in the country have been working seven days a week to send shipments to stores... Dollar Tree [and Family Dollar] has about 15,000 stores in the U.S. and Canada." https://www.cnbc.com/2020/04/01/dollar-tree-ceo-gary-philbin-supply-chain-stressed-due-to-coronavirus.html
#SmartDissent Retail Summary (5/x):
"Home Depot said it has halted all sales of N95 masks at its stores and website and "redirected" them to be donated to hospitals, health care workers and first responders... during the coronavirus pandemic." https://www.usatoday.com/story/money/2020/04/01/home-depot-n-95-respirators-masks-coronavirus-covid-19/5101861002/
"Home Depot said it has halted all sales of N95 masks at its stores and website and "redirected" them to be donated to hospitals, health care workers and first responders... during the coronavirus pandemic." https://www.usatoday.com/story/money/2020/04/01/home-depot-n-95-respirators-masks-coronavirus-covid-19/5101861002/
#SmartDissent Retail Summary (6/x):
"Simon Property furloughing 30% of its staff, and had also laid off some employees. CEO David Simon won’t receive a salary during the pandemic, and some upper-level managers will also receive pay cuts of up to 30%." https://www.wsj.com/articles/mall-giant-simon-property-is-furloughing-workers-11585693275
"Simon Property furloughing 30% of its staff, and had also laid off some employees. CEO David Simon won’t receive a salary during the pandemic, and some upper-level managers will also receive pay cuts of up to 30%." https://www.wsj.com/articles/mall-giant-simon-property-is-furloughing-workers-11585693275
#SmartDissent Retail Summary (7/x):
"... at street level, merchandise-free boutiques, vacant window displays, opened cash registers and boarded-up storefronts are safeguards that stores have taken to try to prevent retail theft and looting..." https://wwd.com/business-news/retail/retailers-looting-coronavirus-theft-shutdown-1203549653/
"... at street level, merchandise-free boutiques, vacant window displays, opened cash registers and boarded-up storefronts are safeguards that stores have taken to try to prevent retail theft and looting..." https://wwd.com/business-news/retail/retailers-looting-coronavirus-theft-shutdown-1203549653/
#SmartDissent Retail Summary (8/x):
"The Kroger Co. saw the COVID-19 pandemic trigger large sales increases across both physical stores and digital channels in March, reporting that identical-supermarket sales without fuel accelerated by approx. 30%." https://progressivegrocer.com/kroger-stockpiles-huge-sales
"The Kroger Co. saw the COVID-19 pandemic trigger large sales increases across both physical stores and digital channels in March, reporting that identical-supermarket sales without fuel accelerated by approx. 30%." https://progressivegrocer.com/kroger-stockpiles-huge-sales
#SmartDissent Retail Summary (9/x):
"The company asking employees to use thermometers at home to check for a fever, a symptom of COVID-19. Home Depot said it’s limiting the number of customers, too. Stores will be kept to 100 people at a time." https://www.cnbc.com/2020/04/01/coronavirus-home-depot-asks-employees-to-take-their-temperatures.html
"The company asking employees to use thermometers at home to check for a fever, a symptom of COVID-19. Home Depot said it’s limiting the number of customers, too. Stores will be kept to 100 people at a time." https://www.cnbc.com/2020/04/01/coronavirus-home-depot-asks-employees-to-take-their-temperatures.html
#SmartDissent Retail Summary (10/x):
"...Walmart & Sam’s Club said the company will begin taking temperatures of associates as they report to work in stores, clubs and facilities, as well as asking them some basic health screening questions." https://www.supermarketnews.com/retail-financial/walmart-sam-s-club-will-begin-temperature-checks-workers
"...Walmart & Sam’s Club said the company will begin taking temperatures of associates as they report to work in stores, clubs and facilities, as well as asking them some basic health screening questions." https://www.supermarketnews.com/retail-financial/walmart-sam-s-club-will-begin-temperature-checks-workers
#SmartDissent Retail Summary (11/x):
"Best Buy said it will keep paying employees thru April 18 even as its stores are closed except for order pickups. Employees who volunteer to work with curbside pickup and online orders, are being paid additional...." https://www.startribune.com/best-buy-to-pay-employees-for-two-more-weeks-while-stores-remain-closed/569264792/
"Best Buy said it will keep paying employees thru April 18 even as its stores are closed except for order pickups. Employees who volunteer to work with curbside pickup and online orders, are being paid additional...." https://www.startribune.com/best-buy-to-pay-employees-for-two-more-weeks-while-stores-remain-closed/569264792/
#SmartDissent Retail Summary (12/x):
"Macy’s and Gap will furlough much of their work forces... As the odds of reopening stores quickly became increasingly unlikely, many extended workers’ pay into April. But now, it appears the money is drying up." https://www.nytimes.com/2020/03/30/business/coronavirus-retail-furloughs-macys.html
"Macy’s and Gap will furlough much of their work forces... As the odds of reopening stores quickly became increasingly unlikely, many extended workers’ pay into April. But now, it appears the money is drying up." https://www.nytimes.com/2020/03/30/business/coronavirus-retail-furloughs-macys.html
#SmartDissent Retail Summary (13/x):
"The bills are now coming due for big companies and millions of laid-off workers. Decisions made in the next few days will shape how coronavirus impacts the economy." https://www.wsj.com/articles/americas-make-or-break-week-11585510109
"The bills are now coming due for big companies and millions of laid-off workers. Decisions made in the next few days will shape how coronavirus impacts the economy." https://www.wsj.com/articles/americas-make-or-break-week-11585510109
#SmartDissent Retail Summary (14/x):
"Few businesses are in greater need of emergency cash than retailers... Almost 630,000 outlets in the US have been forced to close due to fears about Covid-19 and restrictions on movement..." https://www.ft.com/content/9ea5cbfd-57e3-44b2-abd0-5f4f33606bd2
"Few businesses are in greater need of emergency cash than retailers... Almost 630,000 outlets in the US have been forced to close due to fears about Covid-19 and restrictions on movement..." https://www.ft.com/content/9ea5cbfd-57e3-44b2-abd0-5f4f33606bd2
#SmartDissent Retail Summary (15/x):
"Automakers reported a plunge in new-vehicle sales as fear of the coronavirus and stay-at-home orders kept consumers from dealerships, adding to the troubles of the country’s largest manufacturing sector." https://www.bizjournals.com/atlanta/news/2020/04/02/auto-sales-plummet-in-first-quarter-as-buyers-stay.html
"Automakers reported a plunge in new-vehicle sales as fear of the coronavirus and stay-at-home orders kept consumers from dealerships, adding to the troubles of the country’s largest manufacturing sector." https://www.bizjournals.com/atlanta/news/2020/04/02/auto-sales-plummet-in-first-quarter-as-buyers-stay.html
#SmartDissent Retail Summary (16/x):
"Hobby Lobby has reopened some of its stores in states that have closed nonessential business. In some instances, local authorities have pushed back against Hobby Lobby's argument that it is essential." https://www.bisnow.com/national/news/retail/hobby-lobby-defies-closure-orders-in-some-states-get-closed-by-cops-103700
"Hobby Lobby has reopened some of its stores in states that have closed nonessential business. In some instances, local authorities have pushed back against Hobby Lobby's argument that it is essential." https://www.bisnow.com/national/news/retail/hobby-lobby-defies-closure-orders-in-some-states-get-closed-by-cops-103700
#SmartDissent Retail Summary (17/x):
"Publix is offering rent relief to tenants in the 282 shopping plazas that it owns... will waive rent for two months... regardless of whether tenants were getting relief from other sources." https://www.bisnow.com/south-florida/news/retail/publix-coronavirus-rent-relief-103684
"Publix is offering rent relief to tenants in the 282 shopping plazas that it owns... will waive rent for two months... regardless of whether tenants were getting relief from other sources." https://www.bisnow.com/south-florida/news/retail/publix-coronavirus-rent-relief-103684
#SmartDissent Retail Summary (18/x):
The retail sector has been upended, with many stores temporarily closed and almost 1 million retail workers furloughed last week alone. By the end of the year, at least 15,000 stores could be permanently closed. https://www.washingtonpost.com/business/2020/04/03/retailers-furloughed-nearly-1-million-workers-this-week-industrys-troubles-are-just-beginning/?arc404=true
The retail sector has been upended, with many stores temporarily closed and almost 1 million retail workers furloughed last week alone. By the end of the year, at least 15,000 stores could be permanently closed. https://www.washingtonpost.com/business/2020/04/03/retailers-furloughed-nearly-1-million-workers-this-week-industrys-troubles-are-just-beginning/?arc404=true
#SmartDissent Retail Summary (19/x):
Apple has designed face shields for health care workers on the frontlines of the pandemic, with plans to ship 1 million per week. https://www.fastcompany.com/90486641/apples-newest-product-is-a-face-shield-to-protect-against-covid-19
Apple has designed face shields for health care workers on the frontlines of the pandemic, with plans to ship 1 million per week. https://www.fastcompany.com/90486641/apples-newest-product-is-a-face-shield-to-protect-against-covid-19
#SmartDissent Retail Summary (20/x):
Walmart, Kroger and Hy-Vee are among US grocers that have implemented one-way traffic patterns to slow the spread of coronavirus by keeping shoppers at a distance as they move through stores. https://www.supermarketnews.com/issues-trends/update-walmart-kroger-hy-vee-giant-go-one-way-aisles-combat-coronavirus
Walmart, Kroger and Hy-Vee are among US grocers that have implemented one-way traffic patterns to slow the spread of coronavirus by keeping shoppers at a distance as they move through stores. https://www.supermarketnews.com/issues-trends/update-walmart-kroger-hy-vee-giant-go-one-way-aisles-combat-coronavirus
#SmartDissent Retail Summary (21/x):
Carter's, the largest marketer of apparel for babies and young children has extended the suspension of store operations in North America and furloughed all of its store employees due to the COVID-19 pandemic. https://www.bizjournals.com/atlanta/news/2020/04/06/childrens-clothing-chain-carters-furloughs-all.html
Carter's, the largest marketer of apparel for babies and young children has extended the suspension of store operations in North America and furloughed all of its store employees due to the COVID-19 pandemic. https://www.bizjournals.com/atlanta/news/2020/04/06/childrens-clothing-chain-carters-furloughs-all.html
#SmartDissent Retail Summary (22/x):
Walmart has hired more than 100,000 new workers over the past three weeks to help it keep shelves stocked and fulfill online orders during the COVID-19 pandemic. https://www.cnbc.com/2020/04/09/walmart-hires-100000-to-meet-surging-demand-during-coronavirus-pandemic.html
Walmart has hired more than 100,000 new workers over the past three weeks to help it keep shelves stocked and fulfill online orders during the COVID-19 pandemic. https://www.cnbc.com/2020/04/09/walmart-hires-100000-to-meet-surging-demand-during-coronavirus-pandemic.html
#SmartDissent Retail Summary (23/x):
Nordstrom has already taken a number of measures... It has furloughed the majority of its workforce, suspended its quarterly dividend, drawn down $800MM on its revolving credit facility. https://www.cnbc.com/2020/04/08/coronavirus-nordstrom-warns-financial-situation-could-grow-distressed.html
Nordstrom has already taken a number of measures... It has furloughed the majority of its workforce, suspended its quarterly dividend, drawn down $800MM on its revolving credit facility. https://www.cnbc.com/2020/04/08/coronavirus-nordstrom-warns-financial-situation-could-grow-distressed.html
#SmartDissent Retail Summary (24/x):
America’s department store chains have seen their odds of defaulting escalate more than any other consumer-facing companies over the past month... one-year probability of default... jumped to higher than 40%... https://www.cnbc.com/2020/04/09/coronavirus-us-department-stores-most-likely-to-default-sp-says.html
America’s department store chains have seen their odds of defaulting escalate more than any other consumer-facing companies over the past month... one-year probability of default... jumped to higher than 40%... https://www.cnbc.com/2020/04/09/coronavirus-us-department-stores-most-likely-to-default-sp-says.html
#SmartDissent Retail Summary (25/x):
Walmart has temporarily closed some stores as well as an e-commerce fulfillment center where workers have turned up sick. “We have lost some associates, and that is obviously painful.” https://www.winsightgrocerybusiness.com/retailers/walmart-ceo-workers-stay-vigilant
Walmart has temporarily closed some stores as well as an e-commerce fulfillment center where workers have turned up sick. “We have lost some associates, and that is obviously painful.” https://www.winsightgrocerybusiness.com/retailers/walmart-ceo-workers-stay-vigilant
#SmartDissent Retail Summary (26/x):
To help prevent the spread of novel coronavirus (COVID-19), hard discount grocers Aldi and Lidl are implementing occupancy restrictions in their stores to increase physical distancing between shoppers and employees. https://www.supermarketnews.com/issues-trends/discount-grocers-aldi-lidl-institute-customer-limits-stores
To help prevent the spread of novel coronavirus (COVID-19), hard discount grocers Aldi and Lidl are implementing occupancy restrictions in their stores to increase physical distancing between shoppers and employees. https://www.supermarketnews.com/issues-trends/discount-grocers-aldi-lidl-institute-customer-limits-stores
#SmartDissent Retail Summary (27/x):
Nearly 4.8 billion square feet of retail floorspace has closed across the U.S., or 54.8 percent of the total...more than 258,366 store units that have shuttered, or 60.8 percent... https://www.cpexecutive.com/post/virus-response-shutters-55-of-u-s-retail-space/
Nearly 4.8 billion square feet of retail floorspace has closed across the U.S., or 54.8 percent of the total...more than 258,366 store units that have shuttered, or 60.8 percent... https://www.cpexecutive.com/post/virus-response-shutters-55-of-u-s-retail-space/
#SmartDissent Retail Summary (28/x):
Neiman Marcus is reportedly close to filing for bankruptcy protection, and other department stores are canceling orders and offering steep price cuts to sell existing merchandise online. https://www.nytimes.com/2020/04/21/business/coronavirus-department-stores-neiman-marcus.html
Neiman Marcus is reportedly close to filing for bankruptcy protection, and other department stores are canceling orders and offering steep price cuts to sell existing merchandise online. https://www.nytimes.com/2020/04/21/business/coronavirus-department-stores-neiman-marcus.html
#SmartDissent Retail Summary (29/x):
Lord & Taylor, which has shut down all 38 of its US department stores, is considering bankruptcy protection and other options as it responds to the pandemic... https://www.reuters.com/article/us-lord-taylor-bankruptcy-exclusive/exclusive-lord-taylor-explores-bankruptcy-as-stores-remain-shut-in-coronavirus-pandemic-idUSKBN22300J
Lord & Taylor, which has shut down all 38 of its US department stores, is considering bankruptcy protection and other options as it responds to the pandemic... https://www.reuters.com/article/us-lord-taylor-bankruptcy-exclusive/exclusive-lord-taylor-explores-bankruptcy-as-stores-remain-shut-in-coronavirus-pandemic-idUSKBN22300J
#SmartDissent Retail Summary (30/x):
J.C. Penney has been considering strategic alternatives, which could include a bankruptcy filing, since closing its stores due to the pandemic. https://www.dallasnews.com/business/retail/2020/04/17/sources-jc-penney-gets-financing-offer-before-skipping-payment/
J.C. Penney has been considering strategic alternatives, which could include a bankruptcy filing, since closing its stores due to the pandemic. https://www.dallasnews.com/business/retail/2020/04/17/sources-jc-penney-gets-financing-offer-before-skipping-payment/
#SmartDissent Retail Summary (31/x):
The treasure hunt nature of shopping at T.J. Maxx, Marshalls and Ross Stores was fueling strong growth for the off-price retailers before the pandemic hit, but their lack of an online presence could be a challenge. https://www.dallasnews.com/business/2020/04/20/tj-maxx-discount-rivals-with-no-online-options-hunker-down/
The treasure hunt nature of shopping at T.J. Maxx, Marshalls and Ross Stores was fueling strong growth for the off-price retailers before the pandemic hit, but their lack of an online presence could be a challenge. https://www.dallasnews.com/business/2020/04/20/tj-maxx-discount-rivals-with-no-online-options-hunker-down/
