WALMART ANNOUNCES SPECIAL CASH BONUS TO KEEP UP WITH PANIC SALES
Walmart announced plans to provide a special cash bonus for hourly associates for their hard work and dedication to serving customers in a time of an unprecedented national health crisis.
The bonus is for all U.S. hourly associates in stores, clubs, supply chain, and offices. The bonus will be US$ 300 for full-time hourly associates and US$ 150 for part-time hourly associates and will add up to more than US$ 365 million. Every hourly associate employed by the company as of March 1 will qualify, and it will payout on April 2.
In addition to that special bonus for hourly associates, the company will accelerate the next scheduled quarterly bonus for store, club, and supply chain associates a month early. When it pays out in late April, it will help provide more cash in hand for associates sooner. The company will pay those bonuses as if the company achieved its first-quarter plan. At the regularly scheduled time for bonus payout in May, that amount may increase for associates based on performance. In no case will an eligible associate receive less than the first quarter plan bonus payment. The early payout will add up to US$ 180 million.
Overall, it amounts to nearly US$ 550 million going into associates’ pockets and the economy at this important time. Hourly Q4 bonuses were paid this week, meaning hourly associates will receive bonus payments on March 19, April 2, April 30, and May 28.
“Walmart associates have gone above and beyond the call of duty in serving our customers during these unprecedented times. We want to reward our associates for their hard work and recognize them for the work that is in front of us,” said Doug McMillon, President and CEO, Walmart.
NORDSTROM TO CLOSE ALL US STORES
ãã®èšäºã¯ Images Retail ã® April 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Images Retail ã® April 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
The Good Side of Reselling
Recommerce offers a sustainable approach by refurbishing and reselling used electronics, thereby extending their lifespan and reducing the overall environmental impact
Why is CGI marketing gaining popularity among brands?
Effectiveness, engagement and novelty are some of the many benefits of computer-generated imagery-driven advertising
Getting Data Analytics Right
Industry experts on how to make the most of data analytics to be able to make decisions that add value to the business
'Reliance Retail Eyes Blockchain for Security, 5G for AR-powered in-store Navigation'
Suman Guha, Chief Product and Technology Officer, Reliance Retail speaks on the leading retailer company's technology investments, strategy and focus areas
A New Approach to Profitability
Key areas in which shopping centres are doing things differently than before to improve mall economics
'Bhumi World's Outlet Mall to start by December 2024'
The outlet mall will be first-of-its-kind housing brands that will offer discounts on all products round the year
'Achieving â¹100 crore a month revenue gave us wings to soar higher'
V Muhammad Ali, CEO Forum Malls, Prestige Group, speaks about Forum South Bengaluru entering the Big Billion Club and upcoming projects under Forum 2.0
'Shoppers Stop's Biggest Differentiator is Brand Expression at its Best'
In an exclusive interview, Kassim speaks about the company's strategy for its beauty business, its plans across channels and its ambitions to supply to every beauty retailer in the country
May Sees Over 162 New Store Openings
With over 63 new stores opening in the region, North led the charge.
Spotlight on Innovation and Excellence in India's Retail Sector
Powered by Vegas, the 20th edition of IMAGES Retail Awards, involved industry-wide voting from over 111 of India's leading shopping centres