Walmart is spreading Christmas cheer despite the overhang of COVID-19.
Lowe’s Cos . said its sales for the recent quarter grew, continuing gains and yielding more online orders during the Covid-19 pandemic, though profit fell because of higher expenses.
Lowe's announced it is hiring seasonal employees for the holiday season, but is also continuing to hire for permanent positions.
The October bonus will match the funds Lowe's provided to all hourly workers in March, May, July and August, with full-time employees receiving $300, and part-time and seasonal employees getting an extra $150.
The recall was issued by the U.S. Consumer Product Safety Commission
As part of its efforts, seven Lowe's stores will also distribute supplies to residents who are continuing cleanup efforts in "the most impacted areas" in the hurricane's path.
Big-box retailers enjoying strong sales and profits over the last couple of weeks partially attribute their success to pre-COVID-19 pandemic efforts to take on e-commerce giant Amazon.
Quarterly earnings released this week by major retailers revealed consumers are spending less on food and essentials and more on furniture, electronics and other big-ticket items.
On Aug. 21, full-time hourly associates will receive $300 and part-time and seasonal associates will receive $150, which will match the funds previously provided to hourly associates March and May as well as earlier this month, the company announced.
Home improvement store Lowe’s will not be make its retail employees enforce face mask policies that are meant to minimize the spread of coronavirus.
The companies will dole out more than $600 million combined in bonuses to thank employees who have worked during the peak of the pandemic and continue to work as the virus resurges in communities throughout the country.
Marvin Ellison told employees that Lowe's "is a company with zero tolerance for racism, discrimination, hate, insensitive behavior or violence of any kind."
The average cost of a home renovation which can fall anywhere between $18,404 and $75,968 but according to experts a simple home spruce can cost under $500.
The home-improvement chain earned $1.34 billion, or an adjusted $1.77 a share, as revenue rose 11 percent year-over-year to $19.68 billion.
One ad will showcase Lowe's response to the coronavirus pandemic.
Many retailers are planning on closing this April 12 to give employees a break from the long hours and high-stress environments created by the unprecedented crisis.
Lowe's CEO and president Marvin Ellison says his company is hiring because more people are doing home-improvement projects while stuck in their homes.
Lowe’s reported same-store sales and forecast 2020 earnings below expectations, sending shares lower.
Hiring events at Lowe's stores where spring weather comes in earlier will begin on Jan. 8
Last year's deals gave a lot of value to customers, but did little for shareholders.