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Tag: revises

Walmart revises leave policy in face of virus; worker tests, Retail News, ET Retail

NEW YORK : Walmart is enacting an emergency leave policy for its 1.4 million hourly U.S. workers that allowing them to take time off without penalty if they fear the spread of a new virus. The nation’s largest private employer said Tuesday that a worker at its store in Cynthiana, Kentucky, tested positive for the …

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Five Below ramps up store growth in 2020, revises Q4 outlook

Get great content like this right in your inbox. Subscribe New store openings will remain a priority for Five Below this year.  The tween and teen value-oriented retailer reported Monday that it will open 180 new stores in 2020, up from roughly 150 locations in fiscal 2019.  The expansion for 2020 translates to 20% unit growth, according to Five …

Five Below ramps up store growth in 2020, revises Q4 outlookRead More

Five Below ramps up store growth in 2020, revises Q4 outlook

New store openings will remain a priority for Five Below this year.  The tween and teen value retailer reported Monday that it will open 180 new stores in 2020. This equates to 20% unit growth for the fiscal year, according to the company. With each new store opening, the company plans to keep an eye …

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Moody’s Investors Services predicts slower growth for retailers; revises outlook

Intense competition and digital investments are putting pressure on retailers’ profits.  That’s according to a new report from Moody’s Investors Services which has revised its outlook for U.S. retail from positive to stable from positive. The change comes as the industry faces rising pressure due to intense competition in the fight for market share and …

Moody’s Investors Services predicts slower growth for retailers; revises outlookRead More