WEATHER ALERT
Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise
Read full article: Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaiseBest Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.
Lowe’s announces bonuses, plans to hire 50,000
Read full article: Lowe’s announces bonuses, plans to hire 50,000JACKSONVILLE, Fla. – Lowe’s plans to hire more than 50,000 new employees ahead of the spring rush and award $80 million in bonuses to current associates, according to a release from the company. The latest bonus will bring the company’s total commitment to associates, communities and store safety during the pandemic to nearly $1.3 billion. The release said: “Active hourly associates at U.S. stores, distribution centers and call centers will receive the bonus on Feb. 5 in recognition of their continued dedication. Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. This will be the seventh bonus or special payment Lowe’s has provided to hourly associates during the pandemic.”AdThe company is also looking to hire full-time, part-time and seasonal workers.
4-year-old has a truly unforgettable day at his happy place. And no, it’s not Disney World or Chuck E. Cheese.
Read full article: 4-year-old has a truly unforgettable day at his happy place. And no, it’s not Disney World or Chuck E. Cheese.Jaxon Maples is a 4-year-old boy with autism, and many days, he has trouble communicating and speaking clearly. But there is one place where those things aren’t a problem for him.
Lowe’s announces stores will close on Easter Sunday
Read full article: Lowe’s announces stores will close on Easter SundayJACKSONVILLE, Fla. – Lowe’s Companies, Inc. announced that all stores and distribution centers in the United States and Canada will be closed on Easter Sunday, April 12. A release said this is a “thank you” to the associates who have worked tirelessly to support communities during COVID-19 pandemic. “Our ability to support communities with essential goods and services during this pandemic is thanks to our outstanding, dedicated associates,” said Marvin Ellison, Lowe’s president and CEO. “We want to provide our teams with a much-deserved day off to spend Easter Sunday with their families and loved ones and recharge. I want to personally thank our 300,000 associates who have helped families stay safely at home.
Lowe's is laying off thousands of workers
Read full article: Lowe's is laying off thousands of workersLowe's is laying off thousands of workers. It said that workers whose jobs are being eliminated will be given transition pay and have the opportunity to apply for open roles at Lowe's. Lowe's operates more than 1,700 stores in the United States. Previously, Lowe's closed 20 US stores, exited its Mexico business and shut down its 99 Orchard Supply Hardware stores in the United States. Unlike many department stores and mall-based retailers, Lowe's, Home Depot and home improvement retailers have not made mass store closures.