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INX:WMT, Mar 28, 09:02 UTC

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Latest coronavirus rules and opening times for Aldi, Asda, Lidl, Morrisons, Tesco, and Sainsbury's - Teesside Live

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Latest coronavirus rules and opening times for Aldi, Asda, Lidl, Morrisons, Tesco, and Sainsbury's. Customers are still being allowed to shop for 'essentials' once a day, but are encouraged to only do so if they really need to. And scenes of panic-buying and shelves being stripped at big supermarkets across the region appear to have now died down, as new rules and regulations are enforced. But it's inevitable that crowds of shoppers will still want to shop at the same time, so the UK's biggest retailers have introduced new measures to protect staff and customers - and they are evolving all the time. Sainsbury's has been praised on Twitter by many of its customers for the lengths it is going to across its stores to ensure social distancing is being carried out.

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Are Walmart and Amazon Doing Better Than Target Amid Coronavirus?

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Target says sales in the Essentials and Food & Beverage categories surged 50% compared to last March, but Apparel & Accessories sales are down 20%. As a result, management sees potential for "lower-than-expected gross margin dollar performance" going forward. Gross margin pressure is something both Amazon and Walmart will experience in the wake of coronavirus as well. First of all, the company already derives a huge percentage of sales from grocery -- over half, to be sure, and pushing closer to 60%. As a result, the gross margin effect on Walmart might not be as strong as it is on Target, where grocery sales typically make up a much smaller percentage of sales. For Amazon, the margin effect on its retail business is likely significant. Amazon's retail business generated $2.2 billion, and AWS kicked in another $2.2 billion. As a result, Walmart and Amazon should absorb the increase in pay and other operating expenses much better than Target due to their scale.

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Thursday, March 26


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Asda Larne highlights social distancing guidelines

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Retailer Asda has provided an update on what it is doing to support customers and colleagues during Covid-19. William Brown, general store manager at Larne, said, “I couldn’t be prouder of the way our colleagues are going above and beyond to serve our customers in such exceptional circumstances- we’re all really pulling together as one team.”. Since yesterday (Wednesday) Asda says it has implemented a range of social distancing measures following Government guidelines around staying two metres apart during essential visits to its shops. “We’ve made limiting the spread of Covid-19 our key priority and made a raft of changes to our operations, including markers on the floor to help customers keep their distance, directional barriers, additional signage and announcements. We also confirmed that it will be limiting the number of customers in its stores, when necessary, to ensure social distancing guidelines can be maintained.

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Asda has adopted a new one-in-one-out policy to cope with the spread of Covid-19

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QUEUES were seen snaking around the car park of a Basingstoke supermarket today which has adopted a new one-in-one-out policy. Asda, in Brighton Hill, is restricting the number of customers inside its store at any one time, so that everyone is able to stay two metres apart while shopping. Other supermarkets are also reportedly adopting the same policy, while some stores are installing floor markings to help with social distancing. The new social distancing measures at Asda resulted in customers having to queue up in in the car park before being allowed inside the store. Asda announced that it would introduce various measures across its stores from today, including markers on the floor to help customers keep their distance, and hand sanitiser available for customers to use when entering and leaving. I’m massively aware that Asda – and all the supermarkets – have such an important role to play in making sure you and your community have the essentials you all need and I wanted to personally reassure you that we are working really hard to keep our shelves stocked and serving your community.

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Asda to pay colleagues an extra week's wages and calls on customers to be kind

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​Yorkshire's two leading supermarkets, Leeds-based Asda and Bradford-based Morrisons, have been at the forefront of efforts to keep the nation fed whilst observing strict guidelines to prevent the spread of the disease. Asda's chief executive Roger Burnley said colleagues will receive an extra week’s pay in June in recognition of their "extra efforts" to protect the health of colleagues who need to self-isolate during the outbreak. He also said that staff members who have been told by the Government to self-isolate for 12 weeks will receive full pay for their isolation period. Perspex screens will soon be fitted at Asda checkouts, but until then customers are being asked to keep their distance from Asda colleagues. Some Scan and Go tills will be closed to help maintain distances and customers are being asked to only touch items they intend to purchase. "With the rapidly changing landscape of the UK, it is important we look after each other with the means we have available to us. This is especially true of our key workers at Asda," said Mr Burnley. "We're using extra cleaning materials in our stores more often, especially in our busier walkways.

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Asda to pay colleagues an extra week's wages and calls on customers to be kind

WMT

​Yorkshire's two leading supermarkets, Leeds-based Asda and Bradford-based Morrisons, have been at the forefront of efforts to keep the nation fed whilst observing strict guidelines to prevent the spread of the disease. Asda's chief executive Roger Burnley said colleagues will receive an extra week’s pay in June in recognition of their "extra efforts" to protect the health of colleagues who need to self-isolate during the outbreak. He also said that staff members who have been told by the Government to self-isolate for 12 weeks will receive full pay for their isolation period. Perspex screens will soon be fitted at Asda checkouts, but until then customers are being asked to keep their distance from Asda colleagues. Some Scan and Go tills will be closed to help maintain distances and customers are being asked to only touch items they intend to purchase. "With the rapidly changing landscape of the UK, it is important we look after each other with the means we have available to us. This is especially true of our key workers at Asda," said Mr Burnley. "We're using extra cleaning materials in our stores more often, especially in our busier walkways.

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How Walmart and Sam's Club Are Helping Small Business Partners

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The following is a statement from John Furner, President & CEO – Walmart U.S. and Kath McLay, President & CEO – Sam’s Club:. Walmart and Sam’s Club are central to thousands of American communities, and we serve those communities hand-in-hand with other businesses -- businesses that employ many of our customers, members, and loved ones. Rent Relief. As you know, a variety of small businesses operate inside Walmart Supercenters and Sam’s Clubs - hair and nail salons, optometrists, restaurant franchises, veterinary clinics, local and regional banks. That’s why we’re waiving rent for all Walmart property partners for the month of April, as well as for the hundreds of eye doctors who operate at Sam’s Clubs.

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Wednesday, March 25


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Virus Tax Breaks Could Boost Walmart, Vodka Distillers, Students

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Consumer hardline retailers are hopeful Black Friday will provide a strong start to the holiday shopping season, but any lift may come at the expense of margins, as the landscape has become increasingly promotional. (Bloomberg) -- Large retailers like Walmart Inc. and Target Corp., as well as student loan borrowers, are on a long list of potential winners from tax breaks included in a $2 trillion coronavirus relief bill approved by the Senate. Lawmakers also took the opportunity to fix an error in the 2017 Republican tax law that helps restaurants and retailers. And the bill includes direct payments to individuals -- people earning up to $99,000 could get a one-time check in the mail for as much as $1,200 -- and those with student loans wouldn’t have to pay any taxes on any employer repayment assistance they receive. The bill provides a tax credit for companies that retain employees if they’ve been required to close during the epidemic or seen a significant drop-off in business as people self-isolate to avoid spreading the virus.

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Virus Tax Stimulus Could Boost Walmart, Anheuser Busch, Students

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Virus Tax Breaks Could Boost Walmart, Vodka Distillers, Students. Mar 26 2020, 3:36 AMMar 26 2020, 9:57 AMMarch 26 2020, 3:36 AMMarch 26 2020, 9:57 AM. (Bloomberg) -- Large retailers like Walmart Inc. and Target Corp., as well as student loan borrowers, are on a long list of potential winners from tax breaks included in a $2 trillion coronavirus r... Follow All ThePolitical NewsIn India On BloombergQuint. Bloomberg Quint. Add BloombergQuint App to Home screen.INSTALL APP.

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Why I Bought Shares of Walmart and Target

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Let me first be very clear about one thing: The coronavirus pandemic is no Great Recession of 2008-09. While it is already wreaking havoc on what just a few months ago appeared to be a resurgent global economy, the financial situation in 2008-09 was driven by structural issues and excess within the economy itself. While COVID-19 is exposing that there are financial issues -- soaring corporate and government debt, global supply chain fragility, and inequality that means the masses remain underprepared for times of crisis -- the spread of the infectious disease is an external disruptor versus an internal systemic one. But enough of the existential, let's talk brass tacks. While the situation is different now, the old financial crisis investor playbook can still be dusted off and searched through for potential strategies related to the current situation. One of those strategies that worked well for myself and others who rode out the last severe downturn was investing in big box stores, namely Walmart (NYSE: WMT), and to a lesser extent Target (NYSE: TGT). Walmart stock in particular massively outperformed the stock market downturn in 2008-09 and helped investors return to making money quicker than the market overall did. Plus, while Amazon's retail business could surge, some of its third-party sellers -- especially those that focus on non-essential retail sales -- could struggle. And Amazon's retail skewing toward basic household goods doesn't equate to more profitability either. While Amazon is certainly a stock that investors may want to consider right now, I still think investing for the retail segment is missing the point.

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