Free Krispy Kreme doughnuts, cash and even marijuana — businesses pile on the perks for getting vaccinated
Getting America vaccinated will go a long way toward helping the country return to some sort of normal. Kroger is awarding employees $100 in store credit in addition to a one-time $100 payment for taking the vaccine. Publix said it will give associates a $125 gift card to use in the store after they get both doses. For its part, Krispy Kreme Doughnuts is offering anyone — employed or not — with proof of a Covid vaccination a free doughnut. But that's likely to change, according to Amber Clayton, director of the Society for Human Resource Management's Knowledge Center.cnbc.com
Dollar General will open more than 1,000 stores this year and expand its Popshelf brand
Dollar General is doubling down on brick-and-mortar by building bigger stores and expanding Popshelf, a new chain aimed at higher-income, suburban customers. On a Thursday earnings call, Dollar General CEO Todd Vasos made the case why investors should continue to bet on the company. Vasos said Dollar General tested the larger store formats in 2020 and found they outperformed the rest of the chain with higher sales. It already has some larger stores with a wider assortment of food and general merchandise. Dollar General plans to have 50 Popshelf stores by the end of the fiscal year, more than its original goal of 30, Owen said.cnbc.com
When will you be able to get vaccinated at work? Experts weigh in
Getting America's workforce vaccinated will go a long way toward helping the country reach herd immunity. Instacart, Target, Trader Joe's, McDonald's and Dollar General are among a growing list of companies giving workers time off and extra money to get vaccinated for Covid-19. Others, including Amazon, Uber and DoorDash, are going a step further by lobbying state officials to secure vaccines for their workers. Companies in the retail, airline, restaurant and meatpacking industries have also lobbied for priority access. The Occupational Safety and Health Administration recently issued guidance that paves the way for how companies will be able to make a Covid vaccine available at no cost to all eligible employees.cnbc.com
Instacart and Trader Joe's to pay workers to get vaccines, while DoorDash and others say no
As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get their shots. It joins others, including Trader Joe's and Dollar General, which plan to pay workers extra if they get vaccinated. The panel said grocery workers — which would include Instacart and Dollar General's employees — should be in the second group to receive shots after health care workers and nursing home residents. Delivery app DoorDash, another big platform for gig workers, said it has asked the CDC and governors to prioritize delivery workers in vaccine distribution. Instacart is among several companies that have lobbied for their workers to be prioritized for vaccines.cbsnews.com
Many U.S. workers support employers making COVID-19 vaccine mandatory, survey shows
Dollar General announced it will support employees who want to receive the COVID-19 vaccine by paying their hourly team members four hours of regular pay if they get vaccinated. Nearly half of employees — 46% — support their employers making COVID-19 vaccinations mandatory, according a survey of LinkedIn users. The survey showed 40% of employees do not support the move and 14% said they were unsure. But companies and businesses across the country have taken the lead and made it mandatory to wear face coverings when indoors. "And yet, people trust businesses more and more and more.cbsnews.com
Instacart, others push incentives to get workers vaccinated
Dollar General is one of the first major companies to announce extra pay for workers who get vaccinated. (AP Photo/Sue Ogrocki, File)As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots. Instacart Inc., the grocery delivery service, announced Thursday that it would provide a $25 stipend for workers who get the COVID-19 vaccine. It joins others, including Trader Joe's and Dollar General, which plan to pay workers extra if they get vaccinated. Those challenges provide a strong incentive for companies to get their workers vaccinated, said Laura Boudreau, an economics professor at Columbia Business School who specializes in labor rights.
Dollar General will pay its employees to get the COVID-19 vaccination
Dollar General says it will support employees who want to receive the COVID-19 vaccine — by paying them to get it. In a press release on Wednesday, the company said it will provide frontline hourly team members four hours of regular pay after they receive a completed COVID-19 vaccination. Salaried team members will also receive "additional store labor hours to accommodate their time away from the store." Since the the next phase of vaccinations will be offered to frontline essential workers, including store employees, Dollar General wants to ensure its staff doesn't have to choose between receiving the vaccine or coming to work. The company says it is encouraging, but not requiring, employees to receive the vaccine, as it is a personal choice.cbsnews.com
One of the most oversold stocks could be ready for a comeback
Call these the most oversold and unloved stocks in the market. Their relative strength index, which measures momentum relative to price history, is close to or below the 30 mark that suggests oversold conditions. Craig Johnson, chief market technician at Piper Sandler, says some of the other oversold stocks could stay that way for longer. This McDonald's chart looks like a classic head-and-shoulders top in the making here. So, not a stock I'm ready to step up and buy quite yet," Johnson said during the same "Trading Nation" segment.cnbc.com
Stocks making the biggest moves in premarket: Express, Tesla, Snowflake, CrowdStrike & more
Dollar General (DG) — Shares of Dollar General dipped 2% even after the discount store reported better-than-expected quarterly results. Snowflake (SNOW) — Shares of Snowflake dropped 2.6% after the software company reported its first quarterly results since its IPO. CrowdStrike (CRWD) — Shares of CrowdStrike surged more than 12% after the cybersecurity company posted quarterly results that topped expectations. Splunk (SPLK) — Shares of Splunk plunged 21% after the software company reported disappointing quarterly results. Splunk posted a loss per share of $1.39, compared to a FactSet estimate of a 51 cents a share loss.cnbc.com
Dollar General targets a higher-end shopper in the suburbs with new store, Popshelf
Popshelf store Source: PopshelfDollar General is launching a new store that's aimed at wealthier shoppers who appreciate a good deal. Each store will be about 9,000 square feet and its merchandise will include some of Dollar General's private labels. Popshelf store Source: PopshelfPopshelf will be geared towards women who live in suburban areas and have an annual household income ranging from $50,000 to $125,000, the company said. Emily Taylor, Dollar General's executive vice president and chief merchandising officer, said Popshelf's merchandise will be changed out frequently to surprise customers who make trips to the store. Popshelf store Source: Popshelfcnbc.com
Discount retailers to report earnings, and chart analyst is watching two stocks
Discount retailers are rounding out the earnings season. Costco, Dollar General and Dollar Tree are each scheduled to report quarterly results on Thursday three closely watched stocks as the coronavirus pandemic takes a toll on the economy. On Dollar Tree, Johnson said the stock appears to have reversed a monthslong downtrend and is on its way back to its 50-day moving average at about $93. "Switching gears and looking at Dollar General, when I look at this particular stock it's entered what I call an HLTR which is a high-level trading range, and that's more or less just a consolidation pattern," said Johnson. "If we see a topside breakout of that consolidation range around $185, it suggests to me that we're starting a whole other leg higher, and we clearly are buying the shares at that point in time."cnbc.com
Top analyst Matthew Boss: Dollar stores and discount retailers may emerge stronger after coronavirus
Dollar General and Dollar Tree are among the retailers that could benefit after the COVID-19 pandemic subsides, JPMorgan analyst Matthew Boss said Thursday. "Discounters, dollar stores, off-pricers and strong global brands I actually think could emerge stronger from this, take market share, use their size and scale," Boss said on CNBC's "Halftime Report." On the contrary, Boss said, the coronavirus crisis and its resulting economic shock could represent more bad news for department stores and mall-based specialty stores. In addition to Dollar General and Dollar Tree, Boss said Five Below and Ollie's are well positioned to continue appealing to consumers and have "debt-free balance sheets." Off-price retailers Burlington, TJ Maxx owner TJX and Ross Stores also will remain attractive as consumers seek value, Boss argued.cnbc.com
The Fresh Market: 1st hour of business dedicated to senior, most at risk customers
JACKSONVILLE, Fla. – The Fresh Market announced the first hour of business, Monday through Friday, will be designated for the shopping needs of senior customers, and those who are most at risk to COVID-19. The company released a statement on Tuesday that the stores will remain stocked and clean. RELATED | Dollar General: 1st hour of business to be dedicated to senior customers“Despite the uncertainty of this unfolding situation related to coronavirus containment efforts, The Fresh Market is committed to remaining open and well-stocked, while maintaining the highest standards of store cleanliness and safety for our guests and team members.”For more information, click here.
Stocks making the biggest moves in the premarket: Dollar General, GE, Best Buy, eBay & more
Dollar General also raised its quarterly dividend to 36 cents per share from 32 cents a share. Party City (PRTY) The party supplies retailer earned 51 cents per share for its fourth quarter, well below the 88 cents a share consensus estimate. Icahn has been critical of Occidental management, particularly its decision to buy Anadarko Petroleum for $38 billion last year. General Electric (GE) The cost of insuring GE debt has jumped to levels last seen in 2018, according to data from information provider Markit and quoted in The Wall Street Journal. Best Buy (BBY) Best Buy Executive Chairman Hubert Joly will not stand for re-election at the electronics retailer's annual meeting in June.cnbc.com
After Five Below's sharp decline, chart analyst backs competitor as buy
Ari Wald, head of technical analysis at Oppenheimer, says the discount retail space looks weak here, but there is one name he'd bet on. It doesn't really stand out for us. "The stock has really just traded sideways for the last five months and that's helped work off some previously overbought conditions. It's all impulse buys, but I wonder if we're not starting to see impulse buys online," Schlossberg said during the same segment. Five Below on Monday guided for fourth-quarter sales of $685 million to $688 million.cnbc.com
Stocks making the biggest moves premarket: Nike, Dollar General, Apple, Chewy, Tiffany & more
Dollar General (DG) The dollar store operator beat estimates by 4 cents a share, with quarterly profit of $1.42 per share. Comparable-store sales were up 4.6%, compared to the 3.3% estimate of analysts surveyed by Refinitiv. Analysts surveyed by Refinitiv had expected a 1.3% drop in comparable sales. Michaels Companies (MIK) The arts and crafts retailer missed estimates by 9 cents a share, with quarterly profit of 40 cents per share. Tiffany (TIF) The luxury goods retailer earned 65 cents per share for its latest quarter, 20 cents a share below estimates.cnbc.com
Is This the World's Worst Burglar? Ohio Cops Seek Suspect Who Clumsily Robbed Dollar General
Police in Columbus, Ohio, are looking for a bandit they've dubbed the "Bobcat Burglar." The thief was captured on camera repeatedly failing to break into a Dollar General store. First, the suspect tried to break a glass door using a cinder block. That didn't work. Still, the Bobcat Burglar took alcohol, food, cigarettes and electronics from the store.
Dollar General's new beauty brand goes viral
But Dollar General's humble, $5-and-under cosmetics line has gone viral, thanks to social media beauty bloggers. Dollar General executives say they developed the brand to bolster the company's hold on existing customers and improve its thin profit margins. "We're seeing really good results," Dollar General CFO John Garratt said at a presentation in June. Dollar General added its own beauty brand to an industry that is surging. Dollar General is following a similar strategy to Walgreens, Target, Zara, Forever 21 and even 7-Eleven.
Dollar stores face growing scrutiny
Yet a wave of cities and towns have passed laws curbing the expansion of Dollar General and Dollar Tree, which bought Family Dollar in 2015. Advocates of tighter controls on dollar stores say the big chains intentionally cluster multiple stores in low-income areas. Dollar General and its dollar store rivals mostly sell snacks, drinks, canned foods and vegetables, household supplies and personal care products at rock-bottom prices. Dollar stores can open quickly in new areas because they are small and have lower operating costs than grocery stores. Family-owned grocery stores operate at razor-thin profit margins and dollar stores can pressure them with lower prices, experts say.
Dollar General has new strategy to win wealthier shoppers
Dollar General has become a dominant force in retail by offering everyday items at rock-bottom prices, often in remote areas of the country. Dollar General is looking for other ways to draw customers in an effort to capitalize on rival Dollar Tree's struggles. Dollar Tree gets a higher percentage of its sales from home products and party goods than Dollar General, and Dollar General sees an opportunity to gain market share from its competitor, noted Karen Short, analyst at Barclays. Dollar General is also adding produce sections, healthier snacks and a new private-label cosmetics brand to thousands of stores to woo shoppers. Dollar General recently struck partnerships with FedEx for package drop-offs and pickups and Western Union for wire transfers in stores.
Inspectors find rural Georgia store infested with roaches
DOUGLAS, Ga. - The Georgia Department of Agriculture has ordered a Dollar General store in rural south Georgia to stop selling food after inspectors found the store infested with roaches. WALB-TV reported state inspectors discovered the roach infestation at the Dollar General in Douglas after responding to a customers complaint. Agriculture department spokeswoman Julie McPeak says investigators confirmed the roach problem and store managers were ordered to throw out any food or drinks that might have been affected. The store is prohibited from selling food until it passes a follow-up inspection. Dollar Generals corporate headquarters said in a statement it is working diligently to resolve unsatisfactory conditions at our store in Douglas, which did not meet our standards and expectations.Copyright 2019 The Associated Press.